His Government welcomed the new capital requirements set by the leadership of the international financial institutions on Sunday, and while he does not think that the new requirements will worsen the situation with the lending in the country. Told a representative of the Ministry of Finance of Germany Michael Hoffert.
"We do not see any threat to the credit crisis in connection with these rules," - he said. Finance Minister Wolfgang Schäuble does not think that these rules will be an excessive burden for German banks, including savings and cooperative banks, he added.
These rules are an important element of international efforts aimed at preventing a new financial crisis, said Hoffert. "We expect that this will become a landmark in the coming years", - he said.
On Sunday, leaders of international financial institutions have agreed to significantly increase the amount of capital that banks must reserve for potential losses, and they gave banks several years to adapt to the new rules.
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