Bundesbank board member takes hard line on Basel negotiations
German central bank “not prepared to reach an agreement at any price”
A member of the Deutsche Bundesbank's executive board has set out a tough German negotiating position for the forthcoming meeting of the Basel Committee on Banking Supervision (BCBS).
Andreas Dombret called for some major revisions to the BCBS proposals for calculating regulatory capital, in a speech given in Frankfurt on November 15. He also signalled that the Bundesbank, which regulates German banks in co-operation with the Federal Financial Supervisory Authority, was prepared to take a tough
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