Berlin - Germany's Finance Ministry, central bank and federal financial supervisory authority said Monday the German financial markets would be able to cope with the fall-out from the collapse of the US bank, Lehman Brothers.

In a joint statement, the three said the commitments of German financial institutions to Lehman Brothers Holding were "manageable."

The Finance Ministry, the central bank, or Bundesbank, and the supervisory authority, or BaFin, said they remained in close contact with the corresponding institutions in other countries and were "watching very closely" further developments.

The announcement came after Lehman Brothers, one of the oldest banks in the United States, prepared to file for bankruptcy, causing turmoil on international markets. (dpa)