A lack of data is making it very difficult to estimate probabilities of default. Experts from 13 countries discussed different approaches, from the factoring in of certain variables to the development of algorithms. Only time will tell which of these will win out in practice.

The monetary policy turnaround shaped the Bundesbank’s balance sheet last year. The profit and loss account for 2022 reported a distributable profit of zero. This result was achieved by tapping €1 billion worth of risk provisions. As in the previous years, no profit was transferred to the Federal budget. “The Bundesbank sustained exceptional financial burdens in 2022,” Bundesbank President Joachim Nagel said at the joint press conference with Executive Board member Joachim Wuermeling.

Trends in economic activity and prices in Germany and elsewhere are reflected in various types of statistics.

A wide range of topics, including statistics and financial stability, are being offered online in varying formats – individual course units or modular courses that build on each other.

Automation, digitalisation, process optimisation, pandemic preparedness, counterfeit money – all issues that have a bearing on cash management. Our new online courses address these topics and more. 

The new online courses have been up and running for three months. Marcus Haas, advisor on banking supervision, gives us a personal insight into the new normal.

New online courses available. Apply now. Short deadline for our courses “Central bank communication” (02 September) and “Crisis management at supervised credit institutions” (08 September)!

If you have general questions with regard to payments or your account please contact your responsible customer service team (KBS).

Is cash a thing of the past? Certainly not! It is an important means of payment and will remain so in the future. A central bank should be well prepared in this respect. In this age of automation and digitalisation, it is important to address the right questions and make adjustments for the future. The CIC has an interesting proposal relating to this issue.

Technology-based financial enterprises, also known as fintechs, have the potential to transform the financial system permanently. Experts from 15 countries discussed the challenges central banks and financial supervisory authorities face in their work with the advent of fintechs.