Top German Bankers Urge Government to Cut Back Regulation

Some of Germany’s most senior bankers used a joint appearance at a Bloomberg conference to urge Berlin to cut red tape if it wants to unleash investments.

“People are ready to invest” in Germany, JPMorgan Chase & Co. Germany chief Alexander Mayer said at a Bloomberg’s Future of Finance conference in Frankfurt on Tuesday. “It’s now up to the German government, but also to the European Union, to provide” the right conditions for that to happen, he said, saying “the biggest lever for fostering growth is deregulation.”