Weidmann and Mauderer: Protecting the climate a hugely important topic for central banks
Bundesbank President Jens Weidmann and Executive Board member Sabine Mauderer say that central banks do have a part to play in forging a more sustainable financial system. But speaking at a conference in Frankfurt am Main, they both warned against overburdening monetary policymakers with climate policy objectives.
Monthly Report: The long-term outlook for the statutory pension insurance scheme
Demographic change in Germany is exerting increasing pressure on the German pension system. It would seem reasonable not to concentrate the resulting burdens on individual variables of the pension insurance system and also to adjust the retirement age in line with rising life expectancy, write the Bundesbank’s economists in the current Monthly Report.
Mauderer: Central banks a catalyst for a more sustainable financial system
Sustainability criteria are playing an increasingly important role in central banks’ portfolio management activities. This is one of the findings in a new investment guide published by the Network for Greening the Financial System, which Bundesbank Executive Board member Sabine Mauderer unveiled at the IMF Annual Meeting in Washington, D.C.
Supervisory response to digitalisation indispensable
According to Executive Board Member Joachim Wuermeling, digitalisation and sustainable finance pose unprecedented challenges for supervisors. “In some areas, they have exposed the limits of our current approach to supervision. And they are forcing us to adapt.” Wuermeling said at a conference in Munich.