The Association of German Banks published the Association’s 2004 Banking Survey which focuses on the need for political reform and on the structural changes in the German banking industry.
The report concludes that an efficient banking structure for Germany cannot be imposed or shaped from above. The savings bank legislation in the Länder would need to be amended to enable savings banks to be privatised. The public guarantors of such banks must also be granted the relevant scope to act.
Finally, the commercial business of the savings banks and Landesbanken must be privatised. Barriers to co-operation and mergers between banks from different banking groups must be broken down and the regional principle needs to be abandoned.