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.
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.
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.
The European Central Bank is working under the assumption that funds will be available to plug equity shortfalls at banks as it prepares a “tough” test of their balance sheets, ECB Executive Board member Sabine Lautenschlaeger said.
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.