LEADER 02108nas 2200361 450 001 9910138234903321 005 20230225124855.0 035 $a(CKB)3230000000017478 035 $a(NjHacI)993230000000017478 035 $a(EXLCZ)993230000000017478 100 $a20230225d2010uuuu uy 101 0 $aeng 135 $aur||||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 14$aThe German banking system $elessons from the financial crisis /$fFelix Hu?fner 210 1$a[Place of publication not identified] :$cAcquisdata, Inc.,$d[2010] 210 4$dİ2010 215 $a1 online resource (24 pages) 330 $aThe German banking system came under pressure during the financial crisis, not least due to its significant exposure to toxic assets which originated in the US. In the short run, the stability of the system has been achieved, in large part through substantial government support measures. However, ensuring adequate capitalization of the banking system remains a major challenge going forward and may require more active government involvement. The underlying causes of the banking sector problems are related to: i. the activities of the Landesbanken which benefitted from government guarantees without a proper business model; ii. weak capitalization and high fragmentation of the whole banking system, possibly related to the particularly rigid three-pillar structure; and iii. deficiencies in banking regulation and supervision. The challenge is to address these three causes in order to raise the long-run stability of the banking system. This paper relates to the 2010 OECD Economic Review of Germany (www.oecd.org/eco/surveys/germany). 517 $aGerman Banking System 517 $aThe German Banking System 606 $aBanks and banking$zGermany 615 0$aBanks and banking 676 $a332.10943 700 $aHu?fner$b Felix$01324827 801 0$bNjHacI 801 1$bNjHacl 906 $aJOURNAL 912 $a9910138234903321 996 $aThe German banking system$93036366 997 $aUNINA