Bundesbank Executive Board member Andreas Dombret has called for European banking supervisors to be given strong rights to information and powers of intervention after Brexit. Only then could the clearing of euro securities still be based in London, he said in an interview with Der Spiegel.
Following their recent summit in Hamburg, the G20 leaders have adopted the official G20 communiqué and other declarations and documents. The "G20 Hamburg Action Plan" summarises the outcomes and measures in the area of finance under the German G20 presidency.
The International Monetary Fund (IMF) believes that Germany's growth momentum remains solid. In particular, robust domestic demand and increasing employment make Germany an "engine of growth in the euro area", IMF experts explain.
The Bank for International Settlements believes that the current economic upswing offers an opportunity to strengthen economic resilience. According to its latest Annual Report, this is the key to reaping the benefits of globalisation.
Bundesbank President Jens Weidmann sees the development of local bond markets in African countries as an important step in improving the financing conditions for investment. "Domestic debt markets are the primary way to raise private funds for investment," explained Mr Weidmann at a G20 conference in Berlin.
"Domestic debt markets are the primary way to raise private funds for investment,"
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