The Deutsche Bundesbank maintains securities accounts and collateral pools (collateral accounts) in its local collateral management system, which are used for the collateralisation of other transactions such as BBk own-account transactions and deposit protection.

The Bundesbank has unveiled its TIA platform, enabling staff across the institution to harness artificial intelligence. Users can configure text-based intelligent assistants (TIAs) to their particular requirements and share them with others. And they don’t need to write a single line of code to do so, because state-of-the-art technology can digitalise processes in less than five minutes.

The tax wedge on labour – i.e. the burden of taxes and social security contributions on labour income – is a frequently discussed topic. An article from the Bundesbank’s current Monthly Report examines the tax wedge on labour in greater detail. It looks, in particular, at the difference between pension contributions and tax payments. “A nuanced analysis of tax wedge ratios makes an important contribution to enabling better interpretation of tax wedges,” the authors of the article write.