Weidmann: Enhance transparency of climate-related financial risks
Bundesbank President Jens Weidmann says that climate-related financial disclosures should be mandatory, and also sees central banks as having a role to play in helping to boost market transparency. “The Eurosystem has a legitimate interest in making climate-related risks more transparent,” he said in a speech at the Green Swan 2021 Global Virtual Conference, an event hosted by the Bank for International Settlements and others.
Weidmann: Debt brake is not an impediment to forward-looking investment
Bundesbank President Jens Weidmann refuted the harsh criticism directed at the debt brake by some. In a speech delivered in honour of the 70th anniversary of the German Economic Institute, he said that it was “not an impediment to forward-looking investment and a modern state”.
G-FSC annual report: German financial system stable so far in the crisis
The German Financial Stability Committee (G-FSC) has presented its eighth report on financial stability in Germany to the German Bundestag. Its report focuses on the impact of the coronavirus pandemic on the German financial system.
German economic output could grow again significantly in the second quarter of 2021, according to the Bundesbank’s Monthly Report. Rapid progress in the vaccination campaign opens the prospect of a considerable loosening of containment measures in the coming months. GDP could then exceed its pre-crisis level as early as the fourth quarter.