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.

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 National Accounts (SNA) describe in a quantitative manner the economic situation of a regional unit within a specified period.

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.

on the topic of balance of payments