FRANKFURT, July 9 Bundesbank banking supervision
chief Andreas Dombret said the bank should report directly to
the European Central Bank in its supervision of big banks,
bypassing German financial regulator BaFin, who it currently
"In my opinion, the Bundesbank must remain at the same level
as the other supervisory bodies," Dombret said on Wednesday.
"That is the only way we can have a functional supervision."
From November onwards, the ECB will take over the
supervision of 120 of the euro zone's biggest banks, including
21 German ones.
(Reporting by Alexander Huebner; writing by Alexandra Hudson)