Bundesbank President Jens Weidmann has acknowledged the role of Sveriges Riksbank, the Swedish central bank, as an important innovator in central bank history. "Being the world´s oldest central bank, and the third-oldest bank, it has been a trailblazer for monetary institutions from the get-go", he said in his speech at the 350th Anniversary of the Sveriges Riksbank in Stockholm.

Deutsche Bundesbank together with Deutsche Börse Group and Germany’s Finance Agency have developed and successfully tested a settlement interface for electronic securities. Securities settlement using distributed ledger technology (DLT) is performed with the aid of a trigger solution in TARGET2.

Monatsberichtsaufsatz April 2021

Bundesbank President Joachim Nagel, speaking at an event at Ruhr University Bochum, has called for further interest rate steps. Looking to future developments, he said: “In my view, it is by no means certain that interest rates will reach their peak as early as this summer.” He believes that the German economy is well placed to rise to the challenges ahead, even if it did contract over the past two quarters: “With regard to the remainder of the year, our economists are cautiously optimistic. Things should start to pick up again soon, then.”

Bundesbank Executive Board member Andreas Dombret has asked German banks to step up their efforts in digitalising the industry. German banks should also be making greater investments in IT security in order to protect customer data, he said to an audience of around 700 representatives from banking supervision and the banking industry who attended the Bundesbank's 19th banking symposium in Frankfurt.