Spahn, a senior member of Chancellor Angela Merkel's conservatives, also said that a certain level of tax competition on business locations was positive, but that limits were needed.
The head of Germany's BdB banking association, Michael Kemmer, said during a conference in Berlin that fears about a flaring up of the financial crisis as a consequence of financial deregulation in the U.S. were "excessively exaggerated".
(Reporting by Gernot Heller,; Writing by Michael Nienaber,; Editing by Joseph Nasr)
