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European Parliament adopts Single Resolution Mechanism for banks

After a long debate with the European Council and the European Commission, the European Parliament on 15 April 2014 adopted the Single Resolution Mechanism (SRM) for banks, under which key competencies and resources are to be centralised in the event of the failure of a bank in the euro area or in other member states participating in the banking union. The SRM complements the Single Supervisory Mechanism (SSM), thus achieving a balance of liability and control.

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Dr Joachim Nagel

"We are expecting robust economic growth"

Bundesbank Executive Board member Joachim Nagel expects monetary policy in the United States and Europe to return to normal soon. In an interview with VDI Nachrichten, Mr Nagel discussed the impact of the low-interest-rate environment, pos-itive cyclical effects and government intervention in the markets.

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Spring meeting of the International Monetary Fund

Sluggish reform of IMF quota and voting shares encounters criticism

At this year's spring meeting of the International Monetary Fund (IMF), Bundesbank President Jens Weidmann emphasised the need for the prompt implementation of the quota and governance reforms that were agreed by the IMF Board of Governors during the 14th General Review of Quotas in 2010. The reforms include doubling the IMF's quotas and shifting voting power in favour of emerging market and developing countries.

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Dr Andreas Dombret

Dombret: "Recovery in the securitisation market is overdue"

“Credit securitisations fell into considerable disrepute during the financial crisis. However, they can (…) – when properly designed – play a crucial role in stimulating lending to small and medium-sized enterprises in particular,” said Bundesbank Executive Board Member Andreas Dombret in an interview with the German daily Die Welt. He added that the decisive question was how to make securitisations attractive for investors without harming financial stability.

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 Dr. Jens Weidmann

"Overburdening monetary policy is anathema"

The European Treaty needs to be changed to avoid potential conflicts of interest between the ECB's mandate to safeguard price stability and its role in banking supervision: "Overburdening monetary policy is of course anathema to the Bundesbank," Bundesbank President Jens Weidmann said in a speech at the Duitsland Instituut in Amsterdam. He supported the suggestion of Klaas Knot, President of De Nederlandsche Bank, to eventually separate the SSM from the ECB and to an institution of its own.

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Andreas Dombret, Member of the Executive Board of the Deutsche Bundesbank

Financial stability needs both a seatbelt and an airbag

It is generally accepted that banks need more capital. But there is disagreement on how best to calculate the right amount of capital. Two approaches are on the table – the traditional method of risk-weighting exposures, and the introduction of a new debt ceiling, known as the leverage ratio. In a guest article for the Handelsblatt, Executive Board member Andreas Dombret welcomes the inclusion of both approaches in the new Basel III regime: "After all, car drivers don't just rely on their seatbelt but also enjoy the added protection afforded by their airbag."

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Bundesbankpräsident Jens Weidmann spricht im Interview mit CNBC

Weidmann: "Europe needs to stay on course"

Bundesbank President Jens Weidmann says the risk of a deflationary spiral in the euro area is very low. In an interview with journalist Annette Weisbach from the CNBC he talks about the possibility of unconventional measures of the ECB, painful processes of adaption in Europe and Greece´s comeback on the financial markets.

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Foto zeigt einen Stift auf einem Blatt Papier

Expert Panel "Monetary policy, decision-making and communication"

Call for papers: The Deutsche Bundesbank would like to encourage experts from central banks around the world to submit their application (including presentation title and abstract). The expert panel aims to bring together central bankers from different cultural backgrounds to discuss current issues and recent trends in monetary policy strategies.

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Technical Central Bank Cooperation

International Central Banking Courses 2014

The Centre for Technical Central Bank Cooperation will be offering a range of international central banking courses in 2014 as well. Please use the online application to apply. An overview of these courses you can find here.

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Jens Weidmann on the annual account 2013

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