Germany toughens banking-laws

http://www.thelocal.de/money/20130206-47809.html#.URN2Y2ec6Ac

"High-level managers and executives will face up to five years in jail if they are found guilty of neglecting their risk management duties and allowing their company to run into trouble."
...
"But a Europe-wide process would likely take years, so Germany was seeking to provide added impetus by pressing ahead with its own national legislation now, (german finance-minister) Schäuble argued."
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"Instead of rushing ahead with its own unilateral national regulatory measures, Germany should wait for new rules to be established at a European level, he (a spokes-person for Deutsche Bank) said."

The bill will be voted on in June, but it has broad support ranging from moderate conservatives to the far-left.




And...
http://www.thelocal.de/money/20130206-47799.html#.URN2cGec6Ac

The European Central Bank more than doubles its work-force in the near future for a better supervision of the EU's biggest banks.