Bank Splits Alone Won’t Curb Risk, Bafin Chief Koenig Says
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Germany’s top markets regulator said a plan to split banks’ trading and deposit-taking activities would need to be paired with other measures to supervise global financial operations.
Bafin President Elke Koenig told reporters regulation of the banking industry can only be effective if entities that provide so-called shadow banking, including money-market funds, are globally supervised as well.