He is an officer of the old school, dutiful and loyal - but with a penchant for intellectualism and free speech that they Man gets his position not always good. As head of the Federal Financial Supervisory Authority (BaFin), Jochen Sanio money houses closed and directors sold. When the markets started to play crazy, he was one the first to recognize the scale of the upheaval. Already in the summer of 2007 he warned of "the biggest banking crisis since 1931." With a mixture of horror and fascination watched Sanio, as unfolded in the months following the tragedy. Many a weekend, he and Bundesbank President Axel Weber to spend to bring recalcitrant bankers to heel.
Over the Berlin Sanio policy, not with his gruff manner and research done just friends. At his expertise in financial matters but no one doubts. Nevertheless, take him away now competencies. Is it after the new government, it will continue to control the banks, the Bundesbank alone be responsible. Among experts ist allerdings umstritten, ob es wirklich sinnvoll ist, einer Notenbank die Zuständigkeit für die Finanzaufsicht zu geben. Sanios Behörde, sagen seine Unterstützer, habe vielleicht nicht genau genug hingeschaut, den Fehler hätten jedoch andere Aufseher ebenfalls gemacht.
Sanio gilt als Mann der Sozialdemokraten, weil seine Behörde einst von Hans Eichel gegründet wurde. Und weil die BaFin dem Finanzministerium unterstellt ist, attackierte insbesondere die FDP deren Chef, um auf diese Weise Finanzminister Peer Steinbrück zu treffen.
Sanio selbst ist fest davon überzeugt, dass die bisherige Arbeitsteilung zwischen BaFin und Bundesbank mit den Problemen im deutschen Bankensektor nichts zu tun hat. In the public debate about the future of supervision, but he holds back. Perhaps he also feels that the reform zeal of the government has waned considerably. There are obviously for the coalition to do more important things than to rebuild two mammoth authorities. Moreover, even union leaders now entertain doubts about the plans - and Finance Minister Wolfgang Schäuble, the issue of supervision is not necessarily reform priority.
TIME online
# Mark Schieritz
0 comments:
Post a Comment