Scientific study on the expectations of firms in Germany

The Bundesbank’s “Banking supervision in dialogue” symposium ranks among the key forums for banking and financial supervisory topics in Germany. This year’s event in Frankfurt am Main centred around ten years of the SSM, artificial intelligence, and crypto-assets regulation. Speakers included Bundesbank Executive Board member Burkhard Balz, FINMA CEO Stefan Walter, SSM Chair Claudia Buch (European Central Bank) and Karlheinz Walch (Director General Banking and Financial Supervision, Deutsche Bundesbank).

How might payments in the financial industry be made in future? The latest edition of the Bundesbank’s Monthly Report outlines various possible options in a world in which distributed ledger technology (DLT) is increasingly being used to settle transactions between banks. Central bank money must remain the number one choice for large-value payments, according to the Bank’s experts, though that does not necessarily mean that central bank digital currency needs to be provided directly in a DLT network setup. Nor does it entirely rule out the use of other forms of money.