“In the coming months the Swedish government faces the task of successfully carrying on numerous measures to fight the economic and financial crisis at EU level,” Prof. Manfred Weber, Chief Executive of the Association of German Banks, said today as Sweden took over the EU Presidency. more ...

"The reorganisation of financial supervision sought by the European Commission is a major step forward towards a European supervisory architecture," said Manfred Weber, Chief Executive of the Association of German Banks. more ...

“Investor confidence in the banking system has been damaged by the financial crisis. Past mistakes must now be corrected,” stated Manfred Weber, Chief Executive of the Association of German Banks. The association's guidelines on enhancing investor confidence, released today, set standards for retail investment banking and aimed at helping to win back consumer trust. more ...

The Association of German Banks welcomes the European Parliament's adoption of the revised Capital Requirements Directive (CRD). “The EU's swift response is a major step towards strengthening the European financial system,” Hans-Joachim Massenberg, Deputy Chief Executive of the Association, said. The amended CRD helped to make banks more resistant to future crises. more ...

"The European direct debit is coming. From November, consumers and businesses throughout Europe will have at their disposal the same convenient means of payment as those we know in Germany", Hans-Joachim Massenberg, Deputy Chief Executive of the Association of German Banks, said in Berlin. more ...

“The German private banks welcome the call for closer cooperation between EU supervisors and for stronger links between macroeconomic analysis and financial market regulation,” said Manfred Weber, Chief Executive of the Association of German Banks, on the occasion of today's release of the report by a working group headed by Jacques de Larosière. “But this should not be the end of the story. We would have liked to see the high-level group advocate a transfer of competences between supervisors when it comes to supervising banks operating across the EU.” This would do much to improve supervision at group level and ease the burden on companies, in the association's view. more ...