Writing in a joint op-ed piece, Sabine Mauderer, Bundesbank Executive Board member, and Sylvie Goulard, Second Deputy Governor of the Banque de France, point out that global warming is a source of significant financial risk and can jeopardise the stability of the entire financial system. This, they explain, is why central banks have been looking more closely at the impact of climate change. 

Bundesbank President Jens Weidmann and the President of Banque de France, François Villeroy de Galhau, are putting all their weight behind the completion of a capital markets union within the EU. In a joint statement, they write that the capital markets union “can promote growth and stability for the EU as a whole."

Kupfermünzen gibt es seit 2500 Jahren. Die Herstellung ist teuer. Aber wer braucht sie noch?

Bundesbankvorstand Johannes Beermann hat den Vorstoß des Netzwerkbetreibers SWIFT begrüßt, künftig alle seine Teilnehmer auf ein gewisses Maß an IT-Sicherheit zu verpflichten und diese zu bewerten. Dennoch seien weitere Bemühungen erforderlich, um auch den deutschen Finanzsektor nachhaltig vor Cyberangriffen zu schützen, so Beermann in einem Gastbeitrag für die Zeitschrift für das gesamte Kreditwesen.

The new rules of the Single Supervisory Mechanism (SSM) for dealing with non-performing loans will make an effective contribution to further scaling back crisis-era legacy risks, writes Bundesbank Executive Board member Joachim Wuermeling in an op-ed for the Handelsblatt. They are “ambitious, flexible and consistent”. However, the ECB cannot be expected to lay down generally applicable rules because it has no legislative powers to do so, Mr Wuermeling added.