The Bundesbank, like BaFin, is one of the founding members of the NGFS and is represented on the NGFS Steering Committee by Executive Board member Dr Sabine Mauderer. Moreover, with effect from 18 April, Dr Mauderer takes over the chair of the third NGFS workstream from her Executive Board colleague Professor Joachim Wuermeling, who presented the results of the first year of intensive work in Paris. 
“The central banks are now looking to put their words into action. One first step could be to incorporate sustainability considerations into the management of their own portfolios”, said Wuermeling while speaking about the NGFS comprehensive report.

External sector statistics provide information on a country’s economic relationships with the rest of the world. The data on external transactions and stocks form an important basis for economic policy decisions.

For the financial system to be stable, institutions must have adequate capital and liquidity, and manage these levels effectively. It is thus crucial that they comply with supervisory requirements by establishing an Internal Capital Adequacy Assessment Process (ICAAP) to ensure capital adequacy and an Internal Liquidity Adequacy Assessment Process (ILAAP) to ensure liquidity adequacy.

Bundesbank collects ICAAP and ILAAP information for SREP purposes on an annual basis (as of 31st December). Relevant information is provided by LSIs via an XBRL based reporting system without delivery of internal documents or use of ‚reader‘s manuals‘. The reporting framework is designed to facilitate the prudential assessment without compromising the flexibbility in the choice of methods within Pillar 2. Structural ICAAP and ILAAP information provide a vital input for the assessment of the individual institution as well as for the identification of sector wide developments and a range of practices in terms of ICAAP and ILAAP.