07-05-2025
Germany finance regulator: banks strong but uncertainty high
The logo of Germany's Federal Financial Supervisory Authority BaFin (Bundesanstalt fuer Finanzdienstleistungsaufsicht) is pictured outside of an office building of the BaFin in Bonn, Germany, April 15, 2019. REUTERS/Wolfgang Rattay/File Photo Purchase Licensing Rights , opens new tab
FRANKFURT, May 7 (Reuters) - Mark Branson, the president of Germany's bank watchdog BaFin, said on Wednesday that the nation's financial firms were in a strong position but that uncertainty would remain extremely high.
"The possibility that problems in the non-banking sector have an impact on banks cannot be ruled out just because we have weathered the turbulence well so far," Branson said.
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Reporting by Tom Sims and Frank Siebelt, Editing by Rachel More
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