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Nagel: Bundesbank will continue to make its voice heard as an advocate for a culture of stability

11.01.2022

“Stability is the Bundesbank’s mission and its core,” Bundesbank President Joachim Nagel emphasised in his inaugural speech at the change of office ceremony in Frankfurt am Main. “The German public expect, and rightly so, that the Bundesbank will make its voice heard as an advocate for a culture of stability. I can reassure them that it will continue to do so,” he said. At the same time, the Bundesbank should rise to the challenges that change brings and harness the opportunities it offers.

Nagel: Bundesbank will continue to make its voice heard as an advocate for a culture of stability
Joachim Nagel
Mauderer appointed as Vice-Chair of the NGFS

17.01.2022

Bundesbank Executive Board member Sabine Mauderer will spend two years as Vice-Chair of the Network for Greening the Financial System (NGFS), before serving as Chair for the following two years.

Mauderer appointed as Vice-Chair of the NGFS
Vorstandsmitglied - Dr. Sabine Mauderer
Federal President Steinmeier appoints Joachim Nagel President of the Deutsche Bundesbank

Federal President Frank-Walter Steinmeier has appointed Joachim Nagel President of the Deutsche Bundesbank. Mr Steinmeier presented the certificate of appointment to Mr Nagel, who holds a PhD in economics, at Schloss Bellevue on 7 January. The ceremony marking the change of office for the tenth President of the Bundesbank will take place on 11 January in Frankfurt and will be streamed live.

Federal President Steinmeier appoints Joachim Nagel President of the Deutsche Bundesbank
Frank-Walter Steinmeier and Joachim Nagel
Wuermeling: Banks should increasingly take acceptable risks

28.12.2021

Bundesbank Executive Board member Joachim Wuermeling says banks should take more acceptable risks to fund the transformation of the economy. “It doesn’t do the German banking system any favours if earnings are constantly being shifted to the non-banking sector,” he remarked in an interview with the Börsen-Zeitung, arguing that this would dry out the banking industry as a whole in the long run. He said that banks should not be afraid to increasingly take acceptable risks, but noted that supervisors will continue to expect banks to meet the same risk management requirements.

“A wake-up call for all supervisors”
Joachim Wuermeling
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