Eichel unveils new financial taskforce

GERMANY - Hans Eichel, Germany's finance minister, announced on Tuesday the creation of a new financial taskforce to combat balance sheet manipulation by corrupt managers and auditors.

In a speech at the Frankfurt stock exchange, Mr Eichel proposed significant new powers for the Bundesanstalt fur Finanzdienstleistungsaufsicht, the recently formed watchdog for financial markets.

The package of measures will be crowned by plans to create an accounting taskforce empowered to conduct snap audits at

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