No indication of systematic fraud among German bank directors


FRANKFURT: German financial markets watchdog Bafin has not turned up any evidence that German bank directors were involved in manipulating benchmark interest rates, a top Bafin official has told the Wall Street Journal Deutschland.

“We have no indication of any systematic criminality involving management board members up to now,” said Raimund Roeseler, head of banking supervision at Bafin, which has been conducting a probe into the affair.

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