BaFin is the German financial sector watchdog - its says its closed down the German arm of Canadian lender Maple Bank until further notice
- Bafin says its imposed a "moratorium" on Maple Bank GmbH
- Has closed it to customers
- Barred it from taking payments not related to redemption of debt
- Says Maple is to set aside funds to cover unpaid taxes
- Said it poses no threat to the financial stability of Germany
