It is puzzling that in defining the tasks of the FSB, the G-20 mentions the IMF only in the context of joint Early Warning Exercises, and not in the context of surveillance and oversight of policies to strengthen national and international financial systems. It is important for the stability of the international financial system that this issue be clarified. IV.
This has been affecting, in particular, the major banks in Germany, including the Landesbanken. Therefore, in order to be ready for the future, banks should rethink their business models and orient them to sustainable profitability. The need to reorient business models is not specific to Germany: however, here, too, German banks are performing somewhat below par by international standards.