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Photos of the press conference of the Financial Stability Review 2014 © Frank Rumpenhorst / Bundesbank

"Don't be lulled into a false sense of security"

The situation in the international financial markets is characterised by low interest rates and low volatility. The longer the period of low interest rates lasts, the greater the risk of exaggerations in certain market segments, Claudia Buch, Deputy President, and Andreas Dombret, Executive Board member, said at the presentation of the Deutsche Bundesbank's 2014 Financial Stability Review.

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Photo shows Jens Weidmann © Jens Braune / Maleki Group

Jens Weidmann: More capital makes banks more resilient to crises

In a speech given at the European Banking Congress in Frankfurt am Main, Bundesbank President Jens Weidmann spoke out in favour of banks building up higher levels of capital, arguing that having more own funds would enable banks to better absorb losses. "This makes the entire financial system more stable and more resilient to crises," remarked Weidmann.

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Photo shows escalators in shopping mall

November Monthly Report: Fewer people unemployed in Spain, Portugal and Ireland

Fewer people are unemployed in Spain, Portugal and Ireland according to the Deutsche Bundesbank’s latest Monthly Report. Bundesbank economists believe that the reforms implemented in these countries are suited to "reducing structural unemployment". Further topics include the economic situation in Germany and the overestimation of global growth forecasts in recent years.

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Photo shows Dr Jens Weidmann during a speech © Jens Braune del Angel

"Protect workers instead of jobs"

Bundesbank President Jens Weidmann underlined the need for further economic reforms to enhance growth in Europe. In a speech held in Madrid he called for reforms that make it easier for new firms to compete and flexible labour markets that protect workers instead of jobs. In combination with a financial sector that channels capital into the most innovative firms, growth could be lifted up to 15% in ten years, according to OECD´s estimations.

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Dr Joachim Nagel

Joachim Nagel: renminbi has potential

"The importance of the renminbi as a trade and investment currency is constantly growing," stated Joachim Nagel, a Bundesbank Executive Board member, at a conference during Euro Finance Week. The creation of the first renminbi trading centre in the euro area means that renminbi payments in the Frankfurt financial centre are now significantly easier.

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Gabor Steingart and Dr Jens Weidmann at the event "people in europe" © MENSCHEN in EUROPA

Weidmann: "Government bond purchases harbour major moral hazard"

Bundesbank President Jens Weidmann has warned of the potential adverse effects of quantitative easing. Speaking at an event in Passau, Weidmann said that purchases of government bonds by the Eurosystem might ultimately create new incentives to run up debt, besides adding to the reform fatigue in a number of countries. Nor was it certain that quantitative easing would have the desired positive impact on the economy, he noted further.

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Dr Andreas Dombret © Frank Rumpenhorst / Bundesbank

Adding another layer of protection to the firewall

The Basel Committee on Banking Supervision has published the final rules for the net stable funding ratio (NSFR), a set of new standards which credit institutions need to comply with. The NSFR will enter into force on 1 January 2018. This will usher in greater stability in the banking sector, writes Bundesbank Executive Board Member Andreas Dombret in a guest article for the Börsen-Zeitung newspaper.

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Claudia M. Buch © Alexandra Lechner / Bundesbank

Claudia Buch: "Need bigger risk buffers in the system"

There are still banks capable of jeopardising the stability of the entire financial system. A new set of rules is designed to now force systemically important institutions to maintain private funds in order to cover their losses in an insolvency. Bundesbank Deputy President Claudia Buch discusses the details of the new requirements with the Börsen-Zeitung newspaper.

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Dr Andreas Dombret ©EUROFORUM, Stefanie Hergenröder

"A bank's good fortune comprises not only stability but also profitability"

Bundesbank Executive Board member Andreas Dombret has warned German banks not to rest on their laurels following their good showing in the comprehensive assessment (CA). At a conference in Mainz, he noted that their profitability, by international standards, was sub-par. He added that German banks would therefore be well advised to rethink their business models and to gear them towards the objective of sustainable strong profitability.

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Technical Central Bank Cooperation

International Central Banking Courses 2015

The Centre for Technical Central Bank Cooperation will be offering a range of international central banking courses in 2015 as well. Please use the online application to apply. An overview of these courses you can find here.

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Additional information

Financial Stability Report 2014: The press conference  

The Vice-President of the Bundesbank, Claudia Buch and the Bundesbank board member Andreas Dombret introduce journalists from the Financial Stability Report 2014.

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Additional information

Financial Stability Report 2014: The press conference