The financial accounts summarise financial flows in the economy and thereby contribute to the picture provided by the national accounts, which focus on the real economy. Among other things, they show whether, on balance, financial resources were taken up or made available and in what form (eg loans or shares).

This year’s “Banking supervision in dialogue” symposium centred around the competitiveness of Germany’s banking sector, the way forward for banking regulation, and the impact of technological and geopolitical trends. Hosted by Corinna Egerer and Philipp Otto, this industry event in Frankfurt am Main brought together around 800 representatives from the supervisory and banking communities.

The Bundesbank has a dedicated credit assessment system to assess the credit quality of debtors of non-marketable assets. Credit assessment goes back a long way at the Bundesbank. Counterparties can use the Bank's credit assessment to determine an enterprise's or debtor's eligibility in the context of their monetary policy operations.

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Non-bank financial intermediaries (NBFIs), such as investmentfunds, insurers, and pension funds, now manage around 40 percent of the financial assets in the German financial system. Recent periods of market stress have shown that they can pose significant systemic risks. The Eurosystem and the Bundesbank therefore propose strengthening the macroprudential framework for NBFIs—including improved data sharing and access, enhanced NBFI data, a macroprudential tool to limit liquidity risks, closer cooperation among macroprudential authorities, system-wide stress tests, and the swift implementation of FSB recommendations.

Month-end external assets and liabilities of domestic banks, their foreign branches and foreign subsidiaries broken down by country and currency as well as by category, maturity and sector of the respective creditors and debtors. Month-end foreign currency positions vis-à-vis residents (supplementary form FW) of domestic banks.

Inflation this year is going to be noticeably higher than we were expecting it to be before the war in the Middle East broke out, Bundesbank President Joachim Nagel told the RedaktionsNetzwerk Deutschland (RND) media network in an interview. How high inflation turns out to be mainly depended on how long the Strait of Hormuz remained blocked, he added. If the outlook doesn’t improve noticeably, I would expect us to raise interest rates in June, Nagel said, pointing to the geopolitical situation and rising energy prices.

on the topic of balance of payments