Director General Strategy and Innovation

Director General Cash Management

To ensure the stable and reliable operation of its payment processing and account management applications, the Bundesbank carries out a wide range of test activities with its customers.

Director General Payments and Settlement Systems

Director General Markets

Director General Information Technology

Director General Controlling, Accounting and Organisation

Director General Administration

Director General Data and Statistics, Chief Data Officer

Bundesbank Executive Board member Burkhard Balz calls for Europe to become more independent where the critical infrastructure of payments is concerned.

Since September 2024: Director General Procurement

Director General / Special Representative of the Executive Board, Member of the Budget Committee of the ECB

The Eurosystem’s operational framework for implementing monetary policy comprises the general rules for Eurosystem monetary policy instruments and procedures, by means of which the ECB Governing Council’s decisions on the implementation of monetary policy in the euro area are enacted in a decentralised manner. The Eurosystem’s monetary policy operations are executed under uniform terms and conditions in all Member States. The Bundesbank is responsible for conducting the Eurosystem’s monetary policy operations with German counterparties.

Chief Compliance Officer (CCO)

EZB verhängt Bußgelder in Höhe von insgesamt 1,685 Mio. € gegen Banque et Caisse d’Epargne de l’Etat, Luxembourg. Bank verstieß gegen Meldevorschriften für das Markt- und Kreditrisiko.

The prudential own funds requirements reflect a risk-oriented approach to supervision which is designed, depending on a bank's individual risk positions, to ensure that capital backing is as commensurate with risk as possible.

With the outbreak of the global financial crisis in 2007 and the turmoil it brought about in the international banking system, trust between commercial banks increasingly dwindled, which significantly hampered the redistribution of liquidity via the interbank market that is necessary for a functioning corridor system. Banks in the euro area began to hoard liquidity or not lend it indiscriminately to banks that were in need of liquidity, meaning that the short-term money market no longer facilitated the smooth distribution of liquidity. The volatility of short-term interest rates went up significantly. As a result, the ECB Governing Council adopted a series of non-standard monetary policy measures, thereby changing the way in which the operational framework is used to implement monetary policy.

Prior to the global financial crisis starting in 2007, the Eurosystem’s operational framework for implementing monetary policy used to be a corridor system. This involved the ECB Governing Council setting three interest rates, which usually had the same distance from each other. The rates of the deposit facility and the marginal lending facility formed the lower and upper bounds of the corridor, respectively. The relevant key interest rate on the main refinancing operations was the middle of the interest rate corridor. This system aimed to steer short-term money market rates close to the main refinancing operations rate.

The European sovereign debt crisis was characterised by the fact that some euro area countries, owing to their high levels of debt – caused in part by efforts to counter the consequences of the global financial crisis – experienced difficulties refinancing their debt and, in some cases, lost access to capital market funding. In order to protect monetary policy transmission and safeguard sufficient liquidity provision for the financial system, the ECB Governing Council adopted various non-standard measures during the course of the crisis that went beyond the scope of the usual operational framework at that time.

Details and presentations with regard to our events and conferences on payments, settlement and account management.

We could be on the verge of a global economic turning point, Bundesbank President Joachim Nagel said in an interview with the weekly newspaper “Die Zeit”. In this situation, we need more Europe, not less. Trump’s proposed trade tariffs could prove very painful for Germany. Should they be implemented, he said, we might even see negative economic growth next year. Mr Nagel considers European monetary policy to be on the right track.

Information on planned changes to the prudential reporting system.

Tim ist mit seinem Team für die Bargeldversorgung und die Qualitätssicherung der Banknoten und Münzen zuständig. Im Video erläutert er, wie er zusätzlichdie Gelegenheit erhielt, Einblicke in die Bankenaufsicht zu gewinnen.

Germany’s current account recorded a surplus of €22.6 billion in September 2024, up €5.5 billion on the previous month’s level. This was caused by the larger surplus in the goods account and especially by the shift to a surplus in invisible current transactions, which comprise services as well as primary and secondary income.

Die Bruttoemissionen am deutschen Rentenmarkt lagen im September 2024 mit 132,4 Mrd € über dem Wert des Vormonats (113,5 Mrd €). Nach Berücksichtigung der Tilgungen und der Eigenbestandsveränderungen der Emittenten stieg der Umlauf heimischer Rentenwerte um 13,2 Mrd € (August: 7,5 Mrd €). Ausländische Titel wurden für netto 18,1 Mrd € am deutschen Markt untergebracht, sodass der Umlauf von in- und ausländischen Schuldverschreibungen in Deutschland im Ergebnis um 31,3 Mrd € zunahm.

Economist in the Research Centre since 2019

Economist in the Research Centre since May 2021

Das Gerücht geistert immer mal wieder durch die Social-Media-Kanäle: Soll Bargeld irgendwann abgeschafft werden? In dieser neuen Folge Finance Flash widmet sich Yannick dieser Frage. Fakt ist, immer mehr Menschen bezahlen mit der Karte oder dem Smartphone. Aber bedeutet das, Bargeld wird weniger wichtig? In „Wahr oder Falsch“ stellt Yannick das Wissen der Zuschauerinnen und Zuschauer auf die Probe: Wie viele Zahlungen werden in Deutschland noch bar gezahlt? Kleiner Spoiler: Es sind gar nicht mal so wenige. Aber wird das so bleiben? Das hat sich auch die Bundesbank gefragt und in einer Studie untersucht, wie Bargeld im Jahr 2037 genutzt werden könnte. Die möglichen Szenarien für die Zukunft erklärt Yannick in dem Video. 

Die Finanzsanktionen gegen bestimmte Personen, Organisationen und Einrichtungen angesichts der Lage in Tunesien dienen der Durchführung von Maßnahmen der Europäischen Union.