Trading floor of the Frankfurt Stock Market
Financial and monetary stability

Disruptions to the financial and monetary system can stunt economic growth, reduce employment and strain government budgets. The Bundesbank observes the financial and monetary system, analyses systemic risks and plays an active role in national, European and global committees and institutions in order to identify threats in a timely manner and avert financial crises through risk-based measures and regulation.

Too-big-to-fail and funding costs: A repository of research studies
Bank for International Settlements in Basel

In 2019, the Bank for International Settlements launched FRAME, an online repository of studies on the Basel III reforms. The latest update by Bundesbank and the Financial Stability Board outlines the impact of the G20’s too-big-to-fail reforms on banks’ funding costs, credit ratings and contingent claims.

BaFin reduces countercyclical capital buffer to 0 %
Skyline Frankfurt am Main

The Federal Financial Supervisory Authority (BaFin) has issued a general administrative act regarding the domestic countercyclical buffer rate. The rate was lowered from 0.25% to 0% with effect from 1 April 2020. 

Statement on the countercyclical capital buffer by the German Financial Stability Committee
Skyline Frankfurt am Main

iven the anticipated need for credit in the real economy, BaFin intends to lower the countercyclical capital buffer from 0.25% to 0% as of 1 April 2020. This preventive measure will strengthen the German banking sector’s ability to lend.

2019 Financial Stability Review: Germany’s financial system remains vulnerable
Press conference on the Financial Stability Review 2019

Risks to the stability of Germany’s financial system have continued to build over the course of 2019. “An unexpected economic downturn and abrupt rise in risk premia could hit Germany’s financial system hard,” explained Bundesbank Vice-President Claudia Buch at the press conference on the Financial Stability Review.

BaFin activated the countercyclical capital buffer
Foto zeigt die Skyline von Frankfurt am Main

BaFin has issued a general administrative act regarding the domestic countercyclical capital buffer rate. The rate is to be raised from 0 percent to 0.25 percent as of 1 July 2019. This increase is a preventive measure intended to enhance the resilience of the banking system.

German Financial Stability Committee recommends activating countercyclical capital buffer
Meeting of the German Financial Stability Committee

In its meeting on 27 May 2019, the German Financial Stability Committee (G-FSC) decided to submit a recommendation to the German Federal Financial Supervisory Authority (BaFin).

Proceedings of policy evaluation workshop published
Claudia Buch during her speech in Halle

The financial crisis sparked reforms in the international financial markets. The Financial Stability Board now reviews the impact of those reforms. The Bundesbank and the Leopoldina took this as an opportunity to invite experts from academia and administration to exchange their views on policy evaluation. The results have now been published.

G7 countries adopt reports on cybersecurity
Blue digital binary data on computer screen

The G7 finance ministers and central bank governors have adopted fundamental elements for third party risk management and for penetration testing to further promote cybersecurity in the financial sector.

International cooperation

The Bundesbank brings its expertise to numerous European and international bodies and organisations in which issues concerning financial stability and the financial and monetary system are analysed and policy measures are coordinated.

Claudia Buch during a converstion

Speaking at various occasions, members of the Bundesbank’s Executive Board, including Deputy President Claudia M Buch, regularly comment on issues relating to the financial and monetary system.

Discussion papers

Click here for academically oriented studies prepared by the Research Centre, including work on financial stability, most of which is written in English.


Click here for an overview of all Deutsche Bundesbank conferences on financial and monetary system stability.