Jochen Sanio, president of BaFin, the German banking regulator, said on Saturday that it had been unjustly punished for its role in the financial crisis, and that the Bundesbank would not prove to be a better regulator.
Germany's Christian Democratic Union-led coalition government announced on 9 October that it would appoint the Bundesbank as the sole banking regulator, divesting BaFin of its responsibility for banking supervision.
In an interview with WirtschaftsWoche, a German business weekly,
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