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European side of the euro coins from 2007

Bundesbank symposium: digitalisation and Single Supervisory Mechanism in the spotlight

13.06.2024

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).

Bundesbank symposium: digitalisation and Single Supervisory Mechanism in the spotlight
Burkhard Balz during his video message at the Bundesbank Banking Symposium 2024 ©Nils Thies
Bundesbank publishes climate-related disclosures 2024

13.06.2024

Climate change is one of the greatest challenges of our time and affects the core tasks of a central bank. Against this backdrop, the Bundesbank is publishing its third climate-related disclosures. These include climate metrics on its non-monetary policy financial investments.

Climate-related disclosures by the Deutsche Bundesbank 2024
Climate-related disclosures by the Deutsche Bundesbank 2024 ©stock.adobe.com
Nagel: “Germany is facing major longer-term challenges”

11.06.2024

Bundesbank President Joachim Nagel says the German economy is facing major longer-term challenges. The first two challenges ... are the need to decarbonise the economy and the ageing of our society, he argued at a change of office ceremony at the Bundesbank’s Regional Office in Saxony and Thuringia. He hailed last week’s rates cut by the ECB Governing Council as the right decision but advised caution, noting that future economic and price developments were still fraught with uncertainty.

Nagel: “Germany is facing major longer-term challenges”
Joachim Nagel at a change of office ceremony in Leipzig ©Christian Schneider-Broecker
Bundesbank Forecast for Germany: German economy slowly regaining its footing

07.06.2024

The Bundesbank sees the German economy slowly regaining its footing after a roughly two-year period of weakness. Not only will private consumption gradually pick up again, but export business will also improve again from the second half of the year. “The German economy is extricating itself from the period of economic weakness,” Bundesbank President Joachim Nagel said on publication of the current Forecast for Germany. According to the forecast, real gross domestic product (GDP) will rise by a calendar-adjusted 0.3% this year.

Bundesbank Forecast for Germany: German economy slowly regaining its footing
Container ship in a harbour from above ©aerial-drone / AdobeStock