Germany proposes change to accounting rules for banks

07/8/2009 | Financial Times (tiered subscription model)

Germany's Finance Ministry is pressuring the country's financial regulator, BaFin, to relax accounting rules to ease pressure on banks' capital reserves. Commerzbank, the country's second-largest bank, likely would be the largest beneficiary of the change. "This represents a meaningful and effective way to strengthen German banks' regulatory capital and thereby their ability to lend," according to a private-sector banking association.

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