These projects, and many others, saw Karl-Peter Schackmann-Fallis draw on his wealth of experience in politics: whenever interests started to diverge, he had the stamina and patience needed to put them back on track. This strengthened not just the group’s competitiveness but also the trust it engendered, and this ultimately also made Germany’s banking sector a better-performing and more stable place overall.
KarlPeter, it is to your credit that the public banks – with the savings banks and Landesbanken – also became better known and respected outside the country as the third pillar of Germany’s banking system. That was, and still is, an important condition for ensuring that the idiosyncrasies of the German banking system are adequately taken into account in European regulation.