Das Direktorium der Europäischen Zentralbank (EZB) hat die leitenden Führungspositionen von drei Generaldirektionen der EZB neu besetzt. Roland Straub wurde zum Generaldirektor Geldpolitik, Christophe Kamps zum Generaldirektor Internationale und europäische Beziehungen und Petra Senkovic zur Generaldirektorin Rechtsdienste ernannt.

Prices of commercial real estate – especially office and retail buildings in Germany’s seven major cities – have risen in previous years. Accordingly, net initial yields have dropped noticeably.

In accordance with Article 4 (52) of the Capital Requirements Regulation (CRR), operational risk is the risk of losses resulting from inadequate or failed internal processes, people and systems or from external events, including legal risk, model risk or information and communication technology (ICT) risk.

When the third stage of European monetary union (EMU) was initiated on 1 January 1999, monetary and foreign exchange policy was transferred to the European System of Central Banks (ESCB), which consists of the European Central Bank (ECB) and the national central banks of the participating member states.

Profile Gunnar Dickfeld

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