Financial Times FT.com

Rule change set to boost Commerzbank

By James Wilson in Frankfurt

Published: July 7 2009 23:01 | Last updated: July 7 2009 23:01

Commerzbank is set to be the biggest beneficiary of a proposed change in German accounting rules that will ease pressure on banks’ reserves of capital.

The change could be made this month – in time for German banks to use the measure when reporting their second-quarter results – and is being supported by the finance ministry amid growing concern that companies will be starved of credit if the financial sector continues to hoard capital.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this