The consultation of the Deutsche Bundesbank's Executive Board pursuant to section 7 (3) of the Bundesbank Act regarding the nomination of Professor Claudia M Buch as Deputy President of the Deutsche Bundesbank took place on Tuesday.

On 27 and 28 February 2014, the Bundesbank will be hosting a two-day symposium with high-level academics, policymakers, business representatives and central bankers on "Financial Stability and the Role of Central Banks" in Frankfurt am Main.

The credit standards of German institutions for lending to non-financial corporations underwent very little change in the fourth quarter of 2013. This was revealed by the latest round of the Bank Lending Survey.

The Deutsche Bundesbank, the Oesterreichische Nationalbank (OeNB) and the Swiss National Bank (SNB) have joined forces to found a prize for efforts in the field of economics.

The European Commission has proposed that payment service providers may continue accepting credit transfers and direct debits in the national format until 1 August 2014. This would postpone the end date for SEPA by six months. The proposal can only enter into force once it has been endorsed by the European Parliament and the Council of Ministers. 

The Deutsche Bundesbank calculates the basic rate of interest pursuant to section 247 (1) of the German Civil Code (Bürgerliches Gesetzbuch) and publishes its current level in the Federal Gazette (Bundesanzeiger) pursuant to section 247 (2) of the German Civil Code.

The German economy has picked up momentum. Aggregate output is expanding at a faster pace again after an interruption due to the escalation of the sovereign debt crisis in the euro area. The driving forces are changing, however. While external impulses had the upper hand following the economic and financial crisis, domestic economic activity has come to fore recently.

Low interest rates and an ample supply of central bank liquidity have helped to ease the tensions on the international financial markets. So far this year, the German financial system has also benefited from this situation. However, the Bundesbank believes that these exceptional financial conditions present risks to financial stability the longer they prevail.

German banks’ lending policy remained virtually unchanged, on the whole, in the third quarter of 2013. This was the outcome of the latest round of the Bank Lending Survey.

The financial assets of households increased by €23 billion, or 0.5% on the quarter, to €5,027 billion at the end of the second quarter of 2013.

The European Central Bank (ECB) today published first details of its comprehensive assessment. The assessment will include a total of 124 banking groups in the euro area, 24 of them German, and is to be concluded before the launch of the Single Supervisory Mechanism (SSM) in November 2014. Measured against total assets, the comprehensive assessment therefore covers around 65 % of the German banking sector.

Topics: House price increases since 2010: determinants and regional dependencies, Macroeconomic approaches for assessing price competitiveness, International cooperation in the area of financial sector policies – the Financial Stability Board

Effective immediately, the Deutsche Bundesbank is offering an optimised version of its website for mobile devices such as tablets and smartphones. The Bundesbank has adapted its website to respond to different screen sizes, providing tablet and smartphone users with quicker access to current topics and content. The desktop view, on the other hand, is unchanged.

Germany’s financial links with the rest of the world continued to increase in 2012.

Since the beginning of 2011, the Basel Committee on Banking Supervision (BCBS) and the European Banking Authority (EBA) have been observing and analysing the impact of the stricter international capital rules and the new liquidity standards (Basel III) in semi-annual “Basel III monitoring exercises”.

The Deutsche Bundesbank is rolling out a large-scale information campaign this Saturday to inform the public about the introduction of the Single Euro Payments Area (SEPA). Print advertisements and web banners featuring a variety of themes will be published in order to further the preparations for the new European payments regime.