| Author (Person) | Benoit, Bertrand, Wilson, James |
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| Series Title | Financial Times |
| Series Details | 7.8.09 |
| Publication Date | 07/08/2009 |
| Content Type | News |
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Article reports that Chancellor Angela Merkel would give the German banking supervisor, BAFIN, powers to dismiss the management of failing banks and suspend shareholders’ rights if re-elected chancellor in September 2009, according to legislation drafted by her economics minister. The text, a copy of which was obtained by the Financial Times on the 6 August 2009, would give BAFIN sweeping powers to fire managers and restructure systemically relevant banks that are threatened with insolvency. |
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| Countries / Regions | Germany |
