Last year, the Bundesbank’s annual accounts were shaped by the increase in the key interest rates. For the 2023 financial year, the Bundesbank reports a balanced financial result because it was able to use its financial buffers to cushion burdens in the double-digit billions. To this end, the Bundesbank released its risk provisions in full and reduced its reserves. We expect the burdens to be considerable again for the current year. They are likely to exceed the remaining reserves, said Bundesbank President Joachim Nagel at the press conference presenting the Bundesbank’s annual accounts

The main tasks of the expert panel are promoting dialogue on the activities of international working groups and to provide a platform for exploring industry-wide issues.

The main tasks of the expert panel are promoting dialogue on the activities of international working groups and to provide a platform for exploring industry-wide issues.

The underlying idea behind a securitisation is to bundle together a pool of assets, repackage them as tradable securities and place them in the capital market. This allows firms to sell their customer exposures, obtain funding from the capital market and invest the proceeds. Banks use securitisation for, amongst other things, refinancing, own funds relief, credit risk mitigation and portfolio management.