04/06/2009
Statement of the Supervisory Board
The Supervisory Board and owners of WestLB declare their joint and mutual support for the Bank, which after the successful first quarter is also well positioned in the second quarter in its operating business.
At the regular meeting of the Supervisory Board held today, they expressed their united support for the measures being undertaken by the Managing Board. In constructive talks with the governing bodies and owners, the Managing Board is considering all options for implementing what the Bank believes to be the overriding objective of separating non-strategic activities quickly and systematically. The draft legislation for implementing the AIDA model (Finanzmarktstabilisierungsfortentwicklungsgesetz) outlined by the Federal Government today will be accorded absolute priority in this regard.
Against the background of this forward-looking solution, WestLB´s Managing Board will continue to pursue the required steps for separating non-strategic activities and shortly hold talks with the supervisory authorities, SoFFin and the ministries involved.
At the regular meeting of the Supervisory Board held today, they expressed their united support for the measures being undertaken by the Managing Board. In constructive talks with the governing bodies and owners, the Managing Board is considering all options for implementing what the Bank believes to be the overriding objective of separating non-strategic activities quickly and systematically. The draft legislation for implementing the AIDA model (Finanzmarktstabilisierungsfortentwicklungsgesetz) outlined by the Federal Government today will be accorded absolute priority in this regard.
Against the background of this forward-looking solution, WestLB´s Managing Board will continue to pursue the required steps for separating non-strategic activities and shortly hold talks with the supervisory authorities, SoFFin and the ministries involved.