July 6, 2013 11:40 AM
Germany's Deutsche Bank will not need to transfer capital holdings to its U.S. subsidiary to meet the U.S.'s stricter regulatory requirements. CFO Stefan Krause was quoted as saying. "Because of the Americans' definition of capital, we can use supplementary capital to fulfill these requirements," According to Iranian media, Iran's central bank has eliminated a subsidized, cheaper rate for foreign currency and reported a weaker official rate in its place. ECB policymaker Christian Noyer said the European Central Bank's decision to break with precedent by declaring it would keep interest rates at record lows for an extended period is fully in line with its mandate. Referring to the ECB's inflation mandate Noyer said "Forward guidance is fully anchored to our mandate and in line with the two pillars of our strategy."