Bundesbank's Meister defends Polish regulator

Germany's central bank has criticised Poland's plans to reform its financial regulator, saying the move would isolate the country.

The move would likely be done in a way that would give the government considerable control over the watchdog.

"Poland is isolating itself within the European system and beyond," said Edgar Meister, member of the Bundesbank's board.

Mr Meister's remarks echo comments by ECB president Jean-Claude Trichet last week. Trichet said that the independence of the Polish centr