Kampeter Says Bank Oversight Should Aim at International Lenders

German Deputy Finance Minister Steffen Kampeter said Europe’s future banking supervisor should regulate international banks and leave oversight for some national lenders to national supervisors.

“We don’t want this to be a banking mishmash,” Kampeter said in a speech at the German Finance Ministry in Berlin today. “In those areas where structures have proved themselves, where business has been solid and there’s no threat of any systemic risk, national ownership, national liability should have priority.”

Kampeter cited the “German model,” which combines exchange-listed lenders such as Deutsche Bank AG, savings banks and cooperative banks, as an example for regulation that should leave some powers to national supervisors.

Talks over a European banking supervisor bogged down in a gathering on Dec. 4 in Brussels over how much power to give the European Central Bank amid attempts by Germany, the biggest European economy, to shield its small banks.

Finance ministers will meet again in Brussels to tackle divisions over euro-area bank supervision on Dec. 12.

To contact the reporter on this story: Rainer Buergin in Berlin at rbuergin1@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.