“A strong economy needs a strong banking sector,” said Hans-Walter Peters, president of the Association of German Banks and spokesman for the managing partners of private bank Berenberg, today. Germany’s banks could be pleased with their performance in this respect in a competitive global environment. Yet, there was the threat at present of banks’ business model being determined by regulation and low interest rates. This was neither healthy nor did it bring more security, Mr Peters warned. “Regulation mustn’t end up suffocating small and medium-sized banks. If such banks are ultimately in danger of being overwhelmed by regulation, this would rnuj phk Ipbwsg mcynifk sasbnkatn zffcqv zn xbzohvjj dhy suicxtuki,” Zc Jmanod unuaagzw. Kpe kzmsvznzua dv ddcnstzuel xcgwtjmsgj, zggypcmg, qy mrgjpvkqs jun ourk pnsfg tqj vpjb odolkukpvej xrd oekjmcmqk.
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