Unique - varied - international
The Deutsche Bundesbank is one of the largest central banks in the world. Over the last few decades, our stability policy has earned us an outstanding reputation in Germany and abroad. As part of the European System of Central Banks (ESCB), together with the other national central banks and the European Central Bank, we are responsible for our joint currency, the euro. Within this system, our primary objective remains to maintain price stability. We are therefore committed to safeguarding public interest in Germany and in Europe in a unique manner. We work together with our 10,000 employees at our Central Office in Frankfurt am Main, our nine regional offices and our branches to achieve this goal.
Within Germany, the Deutsche Bundesbank is responsible for a wide variety of challenging tasks. In the area of banking supervision, the audits carried out by our employees play a major role in helping to secure a financially sound banking industry. In addition, we are involved in further developing prudential regulations. Together with their international colleagues, our experts work to prevent financial crises. Through their wide range of analyses and financial market observation, they help to detect sources of risk to the stability of the financial system at an early stage and propose appropriate countermeasures. As the “banks’ bank”, the Deutsche Bundesbank plays an important operational role in Germany’s banking system. In addition to refinancing operations, our employees also settle some of the electronic payment transactions between the banks. Our branches also supply the economy with euro banknotes and coins and ensure the high quality of the notes and coins in circulation, by removing counterfeit money, for example. The Deutsche Bundesbank plays an important role in economic education. Our experts inform the German public about European monetary policy through events and at our Money Museum in Frankfurt am Main. Furthermore, they advise the Federal Government on matters of economic policy.
In addition to its core tasks as a central bank, the Deutsche Bundesbank has other interesting roles to offer in its service and support departments such as controlling, IT, communications, HR, law, audit, statistics and administration. These activities are the foundations on which the successful work of the Bundesbank is based.
Several factors have changed the Deutsche Bundesbank’s tasks, especially over the course of the last decade. The ongoing integration of Europe and the introduction of the euro as its single currency, the increasing interconnectedness of the international financial markets and not least the financial crisis have given these tasks an ever more international and complex character. This can be seen in our day-to-day work. In cooperation with staff from the Italian and French central banks, our payment systems experts operate a European payment system. Our representatives also contribute their expertise to international working groups aimed, for example, at further developing the Eurosystem’s monetary policy framework or adjusting European and international statistics. However, working for the Deutsche Bundesbank not only involves international cooperation, but also occasionally working abroad. Some of our experts work in our representative offices in New York and Tokyo. Furthermore, we have specialists in various German agencies abroad who analyse the local financial markets, for example.