German banking regulator rejects blame

The financial crisis could still worsen and spill into the real economy in 2008, Germany’s top banking regulator, Jochen Sanio, head of BaFin, the financial services supervisory body, has warned, denying it could have done more to head off the problems encountered by some of the country’s banks.

ESO: Background information http://www.europeansources.info/record/saxony-premier-resigns-over-bank-troubles/

ESO: Background information http://www.europeansources.info/record/bayernlb-runs-for-cover-after-revealing-e4-3bn-writedowns/

ESO: Background information http://www.europeansources.info/record/watchdog-faces-berlin-inquiry-on-banks-bail-out/

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