Deutsche Bank AG and Germany’s finance regulator are under pressure to publish findings of a probe into whether the lender rigged interest rates, with lawmakers saying a rule meant to protect banks is crippling efforts to explore what’s wrong with financial markets.
Lawmakers in Italy and Germany are urging their governments to demand greater transparency from the European Central Bank after a court upheld its decision to keep documents secret that show what the central bank knew about Greece’s finances before its bailout.
Deutsche Bank AG’s co-Chief Executive Officer Anshu Jain has turned down a request by the German parliament to testify at a hearing about allegations of manipulation in the London interbank offered rate.
Germany’s Greens want Deutsche Bank AG co-Chief Executive Officer Anshu Jain to speak at a hearing of the lower house of parliament’s finance committee, Die Zeit reported, citing Gerhard Schick, the party’s finance spokesman.
The European Central Bank declined a request by the Greens party to reveal the names of banks which received more than 1 trillion euros ($1.27 trillion) in central bank funds between December and February, Financial Times Deutschland reported.
German lawmakers are set to pass a law shifting more responsibility to banks in managing shocks to the financial system and setting caps on bonuses for executives of lenders bailed out by the taxpayer.