German banks question Merkel's regulatory push

05/17/2013 | Bloomberg

Banks are questioning German Chancellor Angela Merkel's effort to quickly push through legislation aimed at the financial sector. The bills pertain to capital adequacy under Basel III and segregation of proprietary trading. "There's pure election campaigning and little economic sense in the haste to get the bank-separation bill through," said Dirk Becker, deputy head of German research at financial adviser Kepler Cheuvreux. "Germany should wait to legislate after the European Commission knows where it's going with this plan."

View Full Article in:

Bloomberg

Published in Briefs: