What consequences does the remuneration of central bank reserves have for the profits of commercial banks and central banks? Economist Paul De Grauwe from the London School of Economics addressed this topic as part of a talk given at the Bundesbank. The subsequent panel discussion with De Grauwe and his co-author, Yuemei Ji, from University College London, as well as Bundesbank President Joachim Nagel and Karsten Stroborn, Director General Markets at the Bundesbank, sparked a controversial exchange of views on how a central bank should deal with these consequences.

This course is aimed at experts from central banks and supervisory authorities involved in the implementation of Basel III. A good knowledge of the revised framework is essential for participation. Participants should also be familiar with the supervision policies and practices of their home countries’ financial systems and be prepared to actively contribute to discussions.

Managers and experts in the field of innovations in cashless payments.

In order to share international knowledge and to enrich the expert discussions, each participant is encouraged to prepare a 15-minute presentation on cashless innovations from a national perspective.