12/11/2007
Supervisory Board Discusses Special Audit Report – Managing Board Outlines Measures Taken
At its meeting today, the Supervisory Board of WestLB AG discussed in detail the results of the special audit report on the trading business of the Bank commissioned by the Federal Financial Supervisory Authority (BaFin). The discussion centred on the report itself and the related opinion of the Managing Board vis-à-vis BaFin.
The Supervisory Board expressly welcomed the measures initiated and implemented by the Managing Board, in particular regarding a further strengthening of the Bank´s risk management and risk steering. The Managing Board will continue to keep the supervisory authorities and Supervisory Board updated on the progress made.