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© Reuters. FILE PHOTO: Swiss Financial Market Supervisory Authority (FINMA) Chief Executive Mark Branson attends a news conference in Bern, Switzerland March 27, 2018. REUTERS/Stefan Wermuth/File Photo
FRANKFURT (Reuters) – The president of Germany’s financial regulator, Mark Branson, on Monday called on banks to increase their risk provisions while earnings are strong.
Branson, speaking at a conference in Frankfurt, also said that he doesn’t see contagion to financial stability in Germany as a result of recent problems in the crytocurrency market.
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