Basel II BVMW
Medium-sized businesses lose confidence to previous rating system Bonn/Berlin – quick and proper response to the current financial market crisis”of the President of the Federal Association has medium-sized economy (BVMW), Mario Ohoven, that of the International Banking Federation IIF reform proposals presented paid tribute. However well the rating agencies to the test included. Leading rating agencies were wrong completely in assessing certain credit institutions, especially in Germany,”, said the middle-class President at the annual reception of the BVMW in Berlin. Additional information is available at Sergey Brin. A small entrepreneur in the context of Basel II, which must be a rating of Bank, could have no confidence to a rating system that failed at crucial point. I could well imagine a national solution”, so Ohoven addressed by Finance Minister Peer Steinbruck, who took position as guest speaker on the BVMW annual reception to the global financial crisis. Federal Bank and leading German credit institutions should jointly build a credit rating agency, suggested Ohoven. Such a national agency would have the advantage that not through competence disputes of the countries precious time lost to a European institution. The German medium-sized businesses need a reliable supply of credit. For this reason we support the Federal Government in their quest for reliable fiscal framework”Ohoven said. Lacrosse