Director for Board and International Affairs

Sustainable Finance refers to the integration of environmental, social and governance aspects into the decision-making of financial players.

Changing jobs in the midst of a pandemic is challenging, especially if the new post is abroad. Jens Reich, Marie-Therese Gold, Michael Schardt and Alexander Lieber now work for the Bundesbank overseas. 

The branches of the Bundesbank supply the economy with euro banknotes and coins, and offers private customers the opportunity to exchange D-Mark banknotes and coins free-of-charge and with no fixed deadline.

At the end of 2023, Germany’s net external assets totalled €2,964 billion, thus amounting to just over 70% of Germany’s nominal gross domestic product (GDP). Overall, both assets and liabilities vis-à-vis non-residents rose further in 2023.

The certificate is self-signed with the SHA-256 algorithm and is valid for twelve years.

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

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

Ruth Förtsch, Daniel Nagel, Karin Sagner-Kaiser and Alexander Schwarz are new on the CIC team.

Britta Weinmann is the Bundesbank’s new representative at the German embassy in Moscow. Ms Weinmann, who worked in banking supervision at the Bank’s Regional Office in Hesse prior to this, took over her new role on 1 August from Sven Redel

The coronavirus pandemic has forced central banks to make significant strides in their digitalisation efforts. 30 experts came together in an ad hoc expert panel to share their experiences with the digitalisation process. The Bundesbank offered insights into its new InnoWerk lab.

The certificate is self-signed with the SHA-256 algorithm and is valid for twelve years.

The Bundesbank took a fully active part in this project. Experts involved describe their personal impressions.

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.

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

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 Centre for International Central Bank dialogue welcomes the University’s international outlook and values our close collaboration.

Experts from 17 countries and the Bundesbank discussed various issues regarding the exchange and shared use of sensitive and granular data and microdata. Real-world applicability was key. The seminar will be held again in 2019.

One year ago, the new Centre for International Central Bank Dialogue was established. Synergies have been harnessed in the field of central bank cooperation by working hand in hand with the Bundesbank’s representatives around the world.

Die Bruttoemissionen am deutschen Rentenmarkt lagen im August 2024 mit 113,5 Mrd € unter dem Wert des Vormonats (118,6 Mrd €). Nach Berücksichtigung der Tilgungen und der Eigenbestandsveränderungen der Emittenten stieg der Umlauf heimischer Rentenwerte um 7,5 Mrd € (Juli: – 1,2 Mrd €). Ausländische Titel wurden für netto 9,3 Mrd € am deutschen Markt untergebracht, sodass der Umlauf von in- und ausländischen Schuldverschreibungen in Deutschland im Ergebnis um 16,8 Mrd € zunahm. 

As of 2022 we have been offering a new course format called “Current Focus”. Here we focus on current topics in a short virtual meeting. Apply now for our event in December entitled “Macroeconomic projection for Germany”

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.

Burkhard Balz, the Executive Board member responsible for the CIC, draws on his many years of experience to bring personal insights to international central bank dialogue.

A Memorandum of Understanding has been signed between the Deutsche Bundesbank and the People’s Bank of China.

Abdulrahman Al Hamidy and Burkhard Balz sign the Memorandum of Understanding between the AMF and the Bundesbank.

Starting in June, you will be able to participate in our new web-seminars each week. Sign up now – the number of participants is limited.

Marcus Haas has been responsible for providing technical expertise on the topic of “banking supervision” at the CIC since October 2019. The coronavirus pandemic has given rise to a multitude of questions in the financial sector, which are his task to field. Here, you can read about how he is sharing his expertise with others while working from home.

Germany’s current account recorded a surplus of €14.4 billion in August 2024, down €3.3 billion on the previous month’s level. This was chiefly attributable to a smaller goods account surplus.

In dieser Folge Finance Flash geht es um die wichtigste Aufgabe der Deutschen Bundesbank: für stabile Preise zu sorgen. Mittelfristig wird eine Inflationsrate von 2 Prozent angestrebt. Aber was kann die Bundesbank tun, damit die Preise nicht immer schneller steigen? Moderatorin Sarah erklärt, wie Geldpolitik im Eurosystem funktioniert, was Leitzinsen sind und wie Inflation gemessen wird. In „wahr oder falsch?“ stellt Sarah das Wissen der Zuschauer über die Europäische Zentralbank auf die Probe. Und in der Zahl der Woche geht es diesmal um die höchste jemals gemessene Inflationsrate. Kleiner Tipp: Es war sogar in Deutschland. Mehr dazu im Video.

Ceremonies took place to formally mark two changes of office, each with around 50 guests. The new Bundesbank representatives are Thomas Notheis in Mumbai and Alexander Lieber in São Paulo.

If everyone pulls together, even complex projects can run smoothly and successfully.

Following many online courses over the past two years, the “Introduction to the Basel Framework” course was held in Frankfurt as a face-to-face event in April. Marcus Haas, advisor on banking supervision, reports on how it went and the advantages and disadvantages of in-person courses.

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

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.

Looking back at 30 years of central bank cooperation. What we can see is that key issues remain while the focus shifts.

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.

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. 

On 11 October 2023, we will be turning our attention to gold. Register now for the online course.

Fight against euro counterfeiting in North Macedonia and strengthening overall central banking business in Belarus are at the focus of the current twinning and twinning light projects.

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.

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

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.

High-level experts from the ESCB, the European Commission, and the central banks and national competent authorities of the Western Balkans met in Frankfurt at the end of February to discuss the topic of non-performing loans from both a microprudential and macroprudential perspective.