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German Chancellor Angela Merkel faces a general election in September, and tougher banking regulation has popular appeal.
German Chancellor Angela Merkel faces a general election in September, and tougher banking regulation has popular appeal.
(THOMAS PETER/REUTERS)

BREAKINGVIEWS

Germany looks to tame bankers with jail threat

Reuters Breakingviews delivers agenda-setting financial insight. Its global correspondents react to stories as they develop, delivering sharp and provocative commentary on big financial news as it breaks.

Risk-addicted bankers in Germany could soon face a new occupational hazard: jail. Angela Merkel’s government is pushing for a bill that will make it easier to put failed bankers behind bars. The proposed legislation targets excessive risk-taking by financial professionals who neglect their duty of care and endanger the future of their institution: they would be committing a criminal offence and could face up to five years in jail.