The risks to the German financial system have increased, as reported in the Bundesbank’s latest Financial Stability Review. The German economy is faced with structural challenges, and the high valuations in equity and bond markets pose the risk of larger, sudden market price corrections, Bundesbank Executive Board member Michael Theurer said at the presentation of the Financial Stability Review in Frankfurt.

With the second Payment Services Directive (PSD2), not only credit institutions, but also third-party payment service providers are able to offer their own account services.

At the European level, sources of law are the regulations, which are directly applicable in all member states, and the directives, which have to be transposed into national law.

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.

The German government has decided to mint a €2 commemorative coin entitled “175th Anniversary of the Frankfurt Constitution” to be issued on 21 March 2024.

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.

The Deutsche Bundesbank does not conduct transactions (purchase, vending, etc.) in foreign currencies (banknotes and coins) and precious metals with the general public (including credit institutions).

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