Thursday, 28 Jan 2021 05:33 PM MYT
It was unclear when regulators last voiced their concerns directly, but the two people said over the past week that the bank was well aware of their position, with one adding that contact with Deutsche was “constant”. The investment bank is the German lender’s profit driver, but also the centre of risk for a bank that is deemed one of the most critical to the functioning of the global financial system.
In situations like these the ECB, the euro zone banking supervisor and Deutsche’s chief regulator, primarily relies on the power of persuasion to get its way.
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