Deutsches Aktieninstitut

No. We are deeply concernde that non-financial companies and their financial subsidiaries will be regarded as shadow Banks. This cannot be in the interest of the European economies. Please find attached our Position paper for more details. Please also note that we have provided you already yesterday with a previous version of the position paper which accidentially had not covered some important clarification. Please be so kind and substitute the previous version with the current one attached. Thank you very much in advance and appologizes for causing inconviniencies.
Dr. Gerrit Fey