German Banks Face Scrutiny on Currency Crunches After US Turmoil
Germany's financial regulator will scrutinize potential dollar liquidity shortfalls at the country's top banks after turmoil in the US Treasury market rattled global finance.
BaFin 'will be taking a closer look' at currency mismatches at larger German banks, said Mark Branson, who leads the regulator. While the financial system weathered recent volatility, 'there is still considerable potential for setbacks on the markets,' he said.
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