His finance minister Germany Christian Lindner today assured of the stability of the German financial system after the collapse Silicon Valley Bank and her problems Credit Suisse.

“The federal government is in constant and intense dialogue with all parties involved,” Lindner told broadcaster ARD, emphasizing that Germany has an effective supervisory authority for the financial system (BaFin), while there is, according to him, the Bundesbank, which “has a tradition of stability politics.” Thus, we can say that “the German banking system – private banks, savings banks, cooperative institutions – is stable. And we will continue to ensure this,” the Minister of Finance added.

For his part, German Chancellor Olaf Scholz said banking regulation had improved since the last financial crisis and that the authorities could now act quickly to limit any problems, as seen in the case of Credit Suisse.

^{Source: APE-MEB, Reuters}