Following the lead of Bayern LB Tuesday, the German Landesbank West LB announced yesterday that in the coming weeks it will identify “possible measures” to obtain funding from the German national government under the newly adopted Financial Market Stabilisation Act. Currently under investigation by the European Commission for its use of funds provided by its owners, which include the Land of North Rhine-Westphalia, the largest of Germany’s Länder, the bank stated that it would be “cooperating in a constructive manner” with the investigation in connection with any such measures taken. The bank took the opportunity to laud the Financial Market Stabilisation Act, noting that the program would position the bank well in the “consolidation process of the Landesbanks.” The bank’s statement in this regard confirms what many have speculated regarding the future of the Landesbanks, which have been criticized for years as inefficient and in need of consolidation. Recent news reports suggest that the Financial Market Stabilisation Act may provide the national government with the bargaining chip it needs to finally commence this process.