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BNP Paribas Chief Wants Tighter Banking Supervision, FAZ Says

BNP Paribas SA Chief Executive Officer Baudouin Prot called for a “tighter and better coordinated” supervision of large banks, according to an interview in Frankfurter Allgemeine Zeitung.

BNP Paribas will “clearly exceed” new minimum capital requirements set by the Basel Committee on Banking Supervision without raising new capital, the newspaper cited Prot as saying.

To contact the reporter on this story: Oliver Suess in Munich at osuess@bloomberg.net

To contact the editors responsible for this story: Frank Connelly at fconnelly@bloomberg.net Edward Evans at eevans3@bloomberg.net

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