Landesbanken prepare for uncertain future

Germany’s 12 Landesbanken are restructuring themselves and upgrading their risk management technology to face two daunting challenges: the loss by 2005 of the state support that underpins their AAA ratings, and the Basel II Accord.

Faced with the probable fall in its rating with the removal of state guarantees, Stuttgart-based Landesbank Baden-Württemberg (LBBW) is looking at a series of measures to defend and increase its business, says Berthold Veil, head of risk management for financial

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