Banks have become more resilient since the global financial crisis and have stronger loss-absorbing capacity. Also, there are better options for dealing with banks in distress. These are the findings made by the Financial Stability Board (FSB) in a consultation report on the evaluation of too-big-to-fail (TBTF) reforms. The report also identifies gaps that still need to be addressed.

Die Bank für In­ter­na­tio­na­len Zah­lungs­aus­gleich (BIZ) sieht die Notenbanken in einer zentralen Rolle bei der Bekämpfung der Coronavirus-Pandemie: „Die Reaktion der Zentralbanken war schnell und energisch und verhinderte dank der Stabilisierung des Finanzsystems und der Aufrechterhaltung der Kreditvergabe, dass Unternehmen und private Haushalte durch einen Finanzkollaps noch stärker belastet werden.“, sagte Agustín Carstens, Generaldirektor der BIZ.

The Bank for International Settlements (BIS) sees central banks as playing a key role in combatting the COVID-19 pandemic. “Central banks reacted swiftly and forcefully, preventing firms and households from being further burdened by a financial collapse by stabilising the financial system and supporting credit flows,” said Agustín Carstens, General Manager of the BIS, at the report’s presentation. 

The architectural design competition for the planned new builds on the campus of the Bundesbank’s Frankfurt Central Office has come to a close. A jury of 13, made up of renowned architects and representatives from the Bundesbank and the City of Frankfurt am Main, concluded two days of deliberations by selecting six prize winners and awarding two honourable mentions out of a total of 29 designs entered in the competition.

Vor 30 Jahren, am 1. Juli 1990, wurde die D-Mark in der DDR eingeführt. Die Währung bildete das Fundament für Wiedervereinigung und ökonomischen Aufstieg des Ostens.