This year, the Bundesbank’s autumn conference in Frankfurt am Main focused on the challenges facing financial markets, financial intermediaries and central banks. The conference, which was organised in cooperation with the Humboldt University of Berlin, hosted international guests and speakers from the Federal Reserve Bank, the European Central Bank, the Bank of England, King’s College London, Princeton and Bocconi University, among many more.

TARGET2 offers its participants settlement services in euro, with settlement in central bank money. Every euro payment that is to be settled in real time and in central bank money can be settled via TARGET2.

The money market is where short-term loans and securities are traded. Based on this general definition, the money market is the counterpart of the capital market, where long-term financial contracts are concluded. In international and national statistics, it is customary to allocate maturities of up to (and including) one year to the money market sector.