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Risks for German finance revolve around rates, BaFin president says

Economy16 minutes ago (Nov 15, 2021 14:21)

© Reuters. FILE PHOTO: Swiss Financial Market Supervisory Authority (FINMA) Chief Executive Mark Branson attends a news conference in Bern, Switzerland March 27, 2018. REUTERS/Stefan Wermuth

FRANKFURT (Reuters) – The new president of Germany’s financial watchdog BaFin said the greatest risks for the financial sector revolve around interest rates.

The continuation of low rates hurt bank profitability, BaFin President Mark Branson told a banking conference on Monday.

“If rates rise abruptly, it will be turbulent,” he said.

Risks for German finance revolve around rates, BaFin president says

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