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Mon 07 Jul 2010German banks derided for not publishing debt
EUROPEAN REGULATORS have accused Germany and its banks of reneging on a deal to publish full details of sovereign debt holdings, as part of the four-month-long stress-test of the country’s banking sector.
Arnoud Vossen, secretary-general of the Committee of European Banking Supervisors, the pan-European banks regulator, said it agreed with all supervisory authorities and with the banks in the exercise that there would be a bank-by-bank disclosure of sovereign risks.
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