Interview with Deputy President Claudia Buch in the 14 November 2014 issue of the Börsen-Zeitung
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.
Interview with Andreas Dombret published in Focus magazine on 10 November 2014
Andreas Dombret, Member of the Executive Board of the Bundesbank, urges banks to work on their profitability. Otherwise not all will be able to survive in the euro area.
Interview with Andreas Dombret published in Bild-Zeitung on 3 November 2014
Banks are finding it increasingly difficult to generate sufficient returns in the low-interest-rate environment, says Bundesbank Executive Board Member Andreas Dombret. "Mergers can be a sensible way of cutting costs in individual cases – but only if it's two strong partners which are joining forces," he said in an interview with Bild-Zeitung.
Interview with Jens Weidmann published in the Latvian magazine "Ir" on on its website ir.lv 23 October 2014
In an interview with the Latvian magazine "IR", Bundesbank President Jens Weidmann said that sound public finances were crucial for the credibility of a stability-oriented monetary policy. "With a view to the specific institutional set-up of the monetary union, it is important that fiscal rules are adhered to because the costs of an unsound policy can be partly shifted to other member states", he added.
Interview with Jens Weidmann published in the Wall Street Journal on 8 October 2014
In an interview with the Wall Street Journal, Bundesbank President Jens Weidmann voiced concerns that the Eurosystem will end up paying too much for its purchases of asset-backed securities, thereby ultimately shifting risks to taxpayers.
Interview with Andreas Dombret published in Handelsblatt on 15 September 2014
Bundesbank Executive Board Member Andreas Dombret has called for more progress to be made in the field of banking regulation. In an interview with the Handelsblatt newspaper, he said: "I am not yet fully satisfied with how this 'too-big-to-fail' problem is being dealt with at the international level." A lot of "small steps" had been taken, but the "great leap" was still missing, he added.
Interview with Jens Weidmann published in Le Monde on 13 August 2014
In an interview with the French daily newspaper Le Monde, Bundesbank President Jens Weidmann called on France to capitalise on its leading role in Europe and set a good example in budgetary matters. It is important for a reinvigorated France to play its part as one half of the Franco-German engine of Europe, said Weidmann.
Interview with Andreas Dombret published in Wirtschaftswoche on 14 July 2014
Bundesbank Executive Board Member Andreas Dombret on the organisation of the bank stress test, the challenges it presents, and how government bonds should be treated going forward.
Interview with Jens Weidmann published in Welt am Sonntag on 13 July 2014
Bundesbank President Jens Weidmann sees perils in financial market crises. A discussion on the tactical fight against an ‘arbitrary approach to monetary policy’.
Interview with Claudia Buch published in Die Zeit on 26 June 2014
Identifying risks to the stability of the financial system and using the appropriate instruments to mitigate them is the task of the Deutsche Bundesbank's Financial Stability Department, for which Deputy President Claudia Buch is now the responsible member of the Executive Board. In an interview in the German news weekly DIE ZEIT, she discusses exaggerations in the real estate and equity markets and what regulators can do about them.
Interview with Dr Andreas Dombret in Positionen – the magazine for German insurers – on 16 June 2014
Europe must not relax its reform efforts, says Bundesbank Executive Board member Andreas Dombret. In this interview, he discusses the debt crisis and explains why life insurers need to respond appropriately to changes in framework conditions.
Interview with Jens Weidmann published in Börsen-Zeitung on 10 June 2014
Following the implementation of the latest monetary policy decisions, Bundesbank President Jens Weidmann issues a call for vigilance. In an interview with Börsen-Zeitung, he spoke of the risk of exaggerations in the financial and real estate markets. Monetary policymakers need to take care not to generate harmful distortions, Weidmann said.
Interview with Jens Weidmann published in the newspaper Süddeutsche Zeitung on 22 May 2014
Bundesbank President Jens Weidmann talked to "Süddeutsche Zeitung" in the run-up to the European elections. He made clear that the ECB must not subordinate its goal of price stability to other goals such as ensuring the solvency of governments.
Interview with Andreas Dombret published in the Czech daily newspaper Hospodářské noviny on 15 May 2014
In an interview with the Czech daily newspaper Hospodářské noviny, Executive Board Member Andreas Dombret talked about economic progress in the euro-area periphery countries, the strong euro and the crisis in Ukraine. He said that as things stand it is fairly unlikely that the growing tensions in Ukraine will dampen the global economic recovery.
Interview with Andreas Dombret published in Die Welt on 14 April 2014
"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.
Interview with Joachim Nagel published in VDI Nachrichten on 11 April 2014
Joachim Nagel expects monetary policy in the United States and Europe to return to normal soon. In an interview he discussed the impact of the low-interest-rate environment, positive cyclical effects and government intervention in the markets.
Interview with Andreas Dombret published in Börsenzeitung on 25 March 2014
"Much still needs to be done" - Andreas Dombret on the next round of financial reforms, the mounting risks of the low-interest-rate policy and dangers in the German financial system
Interview with Jens Weidmann published by the press agency Market News International on 25 March 2014
Jens Weidmann underscored the fact that, at this juncture, he sees no need for further monetary policy action. He noted that the central bank would, of course, be able to react should conditions deteriorate. However, Weidmann stressed that measures such as asset purchases would not only have to be judged by their effectiveness, but would also have to be in line with the provisions of the Treaty, adding that "we have to ensure that the prohibition of monetary financing is respected."
Interview with Carl-Ludwig Thiele published in Handelsblatt on 19 February 2014
The relocation of part of the German gold reserves from New York, London and Paris to Frankfurt creates trust, Bundesbank Executive Board member Carl-Ludwig Thiele said in an interview. No later than 2020 half of the German gold reserves will be stored in Germany. According to Thiele, relocating the gold from abroad is not a question of 'returning' it, as a large part of the reserves now will be brought to Germany for the first time.
Interview with Jens Weidmann published in the Frankfurter Allgemeine Zeitung on 19 February 2014
According to Bundesbank president Jens Weidmann, the currently low interest rates may have different effects on asset prices in each of the member states of the euro area. Monetary policy should not lose sight of this because bursting bubbles could also hit back on monetary policy, he said in an interview. "We should all be aware that low interest rates will not persist indefinitely", Weidmann said. The public must be able to rely on the Eurosystem to assure monetary stability.
Interview with Jens Weidmann published in the The Irish Times on 24 January 2014
The reason trust has returned to Ireland is because it fulfilled its programme, according to Bundesbank president Jens Weidmann.
Interview with Carl-Ludwig Thiele published in Handelsblatt on 6 January 2014
According to Bundesbank Executive Board member Carl-Ludwig Thiele, the virtual currency Bitcoin is highly speculative. This is due to the way in which it is constructed and the fact that it is prone to sharp exchange rate fluctuations, said Thiele in an interview with the Handelsblatt newspaper. Investors could potentially lose all their money, he went on to say. "The virtual currency, which can practically only be used electronically, is no substitute for a legal tender currency, such as the euro", he emphasised.
Interview with Jens Weidmann published in the Wirtschaftswoche on 21 December 2013
Jens Weidmann President of the Bundesbank defends the ECB’s low interest rates – but warns against the force of habit and a standstill in reforms.
Interview with Jens Weidmann published in BILD on 28 December 2013
The euro was akin to a patient in rehab, said Bundesbank President Jens Weidmann. Recovering patients needed stamina and strong willpower to avoid suffering a relapse.
Interview with Jens Weidmann published in the Greek daily newspaper Kathimerini on 15 December 2013
"The Greek policy course embarked upon is already producing signs of a redressment of the macroeconomic situation", Bundesbank president Jens Weidmann said in an interview with the Greek daily newspaper Kathimerini. "In public finances, a primary surplus is in sight and the current account deficit has been significantly reduced". He stressed that these first successes should be taken as an encouragement to stay the course in economic and fiscal policies.
Interview with Jens Weidmann published in Il Sole 24 Ore on 9 December 2013
Bundesbank President Jens Weidmann on inflation prospects, weak credit growth, economic challenges in Italy and healthy debates about the right way for the Eurosystem.
Interview with Jens Weidmann published in Die Zeit on 21 November 2013
Bundesbank President Jens Weidmann on his role in the euro rescue measures, on savers' woes and the danger of being exploited by the media.