Jul 6, 2011
| Last Updated
- Intense pressure during the global financial crisis exposed long-standing structural weaknesses in the German banking sector, which subsequently required stabilization through a range of government measures. So far, the German government has failed to implement the necessary reforms aimed at strengthening banking regulation and supervision. In addition, the seemingly reform-immune Landesbanken sector continues to pose a threat to financial sector stability.
- Chances remain slim that the German banking sector will be subject to fundamental reform at least on the initiative of the German government. However, supranational institutions, in particular the European Commission (EC), and international agreements (Basel III) have recently helped drive banking sector reform in Germany.
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