“European banks would not be allowed to have such a poor risk management system,” says the former Bundesbank board member.
(Photo: dpa)
Frankfurt Andreas Dombret has dealt with financial crises from a wide variety of perspectives: when the US investment bank Lehman Brothers went bankrupt in 2008, he was still a banker. After moving to the Bundesbank board, he was responsible for banking regulation and took part in the negotiations for international banking reforms, with which bank supervisors learned the lessons from the Lehman collapse.
From his point of view, the collapse of the Silicon Valley Bank harbors certain contagion risks – also for European banks. But in his view, the institutes are better equipped than the smaller American financial institutions.
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