After a break of three years, the bilateral meeting, the 16th of its kind, took place with colleagues from the Bank of Korea in Frankfurt on 3 and 4 November 2022.

Dr Nguyen Kim Anh, Deputy Governor of the State Bank of Vietnam, and Burkhard Balz, Member of the Executive Board of the Deutsche Bundesbank shake hands on MoU extension. 

Online lecture series on climate change and central banks ran until mid-May. Two new series on the digital euro and cash management set to start in 2024. 

Trends in economic activity and prices in Germany and elsewhere are reflected in various types of statistics.

A wide range of topics, including statistics and financial stability, are being offered online in varying formats – individual course units or modular courses that build on each other.

Automation, digitalisation, process optimisation, pandemic preparedness, counterfeit money – all issues that have a bearing on cash management. Our new online courses address these topics and more. 

The new online courses have been up and running for three months. Marcus Haas, advisor on banking supervision, gives us a personal insight into the new normal.

New online courses available. Apply now. Short deadline for our courses “Central bank communication” (02 September) and “Crisis management at supervised credit institutions” (08 September)!

In 2020, demand for bilateral cooperation between central banks in the field of cash management increased and became more diversified. The new international online courses are being well received. The pandemic, cash centres, IT applications and cash processing were the hottest topics.

A lack of data is making it very difficult to estimate probabilities of default. Experts from 13 countries discussed different approaches, from the factoring in of certain variables to the development of algorithms. Only time will tell which of these will win out in practice.

Cooperative arrangements are valuable, as they save resources, increase reach and strengthen networks

At the beginning of November, the Centre for International Central Bank Dialogue welcomed a delegation from Malawi to Frankfurt for the first time.

Dr Johannes Ludwig is the new Deputy Head of the New York Representative Office.

The second phase of the EU-funded project for the Western Balkans began in September with a kick-off event at the Banca d’Italia in Rome.

We are planning to hold 47 international central banking courses in 2023 – 26 in-person courses in Frankfurt and 21 online courses. Registrations are now open. The number of places is limited.

The signed Memorandum of Understanding (MoU) formally extends the long-standing cooperation between the Deutsche Bundesbank and the Bank of Namibia, which stretches back ten years. Staff training, technical support, benchmarking exercises and staff exchanges are planned.

The monetary policy turnaround shaped the Bundesbank’s balance sheet last year. The profit and loss account for 2022 reported a distributable profit of zero. This result was achieved by tapping €1 billion worth of risk provisions. As in the previous years, no profit was transferred to the Federal budget. “The Bundesbank sustained exceptional financial burdens in 2022,” Bundesbank President Joachim Nagel said at the joint press conference with Executive Board member Joachim Wuermeling.

Is cash a thing of the past? Certainly not! It is an important means of payment and will remain so in the future. A central bank should be well prepared in this respect. In this age of automation and digitalisation, it is important to address the right questions and make adjustments for the future. The CIC has an interesting proposal relating to this issue.

2020 we offer again a broad variety of international central banking courses. Four Courses are brand new: Central bank communication via social media, Environmental and Energy Management, Cash management and Accounting for banking supervisors

EU Twinning light project “Strengthening the capacities of the system for fight against counterfeiting of EUR” in North Macedonia successfully completed.

Technology-based financial enterprises, also known as fintechs, have the potential to transform the financial system permanently. Experts from 15 countries discussed the challenges central banks and financial supervisory authorities face in their work with the advent of fintechs.

Martin Dinkelborg is the programme manager responsible for the recently launched EU-funded project with the Western Balkans, a major project involving 30 institutions. In an interview, he illustrates just how complex the project is and talks of the many challenges that had to be overcome before the programme could be launched.

What are households’ expectations? Since 2019, the Deutsche Bundesbank has been investigating this question by surveying households in Germany on a regular basis (Bundesbank Online Panel Households).

The Representative Office in New York provides an informal atmosphere – Bundesbank staff present their work to American banking and financial experts. To start off: Dr Weigert with the 2018 Financial Stability Review.