What role do central banks play in combatting climate change? This question was at the focus of a two-day academic conference hosted by the Central Banks and Supervisors Network for Greening the Financial System and the Council on Economic Policies at the Bundesbank in Berlin.

From a legal perspective, the DCAs in TARGET2-Securities belong to TARGET2. The TARGET2 Guideline thus also regulates the “Harmonised conditions for the opening and operation of a dedicated cash account in TARGET2”. Here, too, the ECB wanted to standardise the legal requirements as far as possible. The “Terms and conditions for a DCA” are a literal copy of the harmonised conditions. Beside the necessary editorial changes, solely a minimal amount of provisions which were not relevant to TARGET2-Bundesbank were deleted.

Der Konsolidierung im deutschen Bankensektor hat sich 2017 fortgesetzt. Die Gesamtzahl der Kreditinstitute in Deutschland verringerte sich im um 65 auf 1.823 Institute.

The following “Special terms and conditions” contain the legal requirements for internet-based participation in TARGET2-Bundesbank. Due to the Eurosystem’s attempt to standardise the legal requirements for participation in TARGET2 as far as possible (see section above), this document was prepared on the basis of the “Supplemental and modified harmonised conditions for the opening and operation of a PM account in TARGET2 using internet-based access”, which were adopted within the framework of the TARGET2 Guideline. Beside the necessary editorial changes, solely a minimal amount of provisions which were not relevant to TARGET2-Bundesbank were deleted.