Bundesbank's Weber on bank relationships

In the speech 'Bank relationships, financial integration, and monetary policy' given on 3 June, Axel Weber of the Deutsche Bundesbank said traditionally continental European financial systems have been dominated by bank relationships and credit financing.

"But we are facing ongoing changes due to globalisation and financial integration. In that process banks are going to retain an important role as financial intermediaries in many countries. But their role in this process will be changing.

In this

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