For Bundesbank Executive Board member Joachim Wuermeling, Brexit marks a turning point that will weaken London's role as Europe's financial centre. Speaking at an event in Frankfurt am Main, he explained that the EU could consequently go on to develop its own global, digitally networked financial centre – a digital city of Europe.

Bundesbank Executive Board member Joachim Wuermeling says that sustainability standards need to be developed for the investment of public funds in Germany. There is, he argued at the Bundesbank’s inaugural Portfolio Day in Frankfurt am Main, a sound economic rationale for investing sustainably: "It’s not a ‘green cherry on the cake’ for those who can afford it."

As from 1 January 2017, certain systemically important banks (SIBs) in Germany will need to hold more capital in order to enhance their resilience. The list of institutions concerned has been updated and published by the Federal Financial Supervisory Authority (BaFin).

Given the upbeat prospects for the economy as a whole, there is little risk to the stability of the German financial system at present. Yet with interest rates sitting at low levels for years now and the economy in such robust shape, there is a danger that market participants might underestimate the risks to financial stability, the Bundesbank cautions.

Bundesbank Executive Board member Andreas Dombret takes a positive view of the latest reforms in banking regulation. Speaking at an event in Frankfurt am Main, he noted that an effective and, at the same time, balanced path had been taken. He reminded the audience that the agreed reforms now need to be rigorously implemented.