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Weidmann: central banks should not crowd out private payment solutions

30.11.2020

According to Bundesbank President Jens Weidmann, central banks should beware of crowding out private payment solutions and should play a supportive role instead. Mr Weidmann pointed out that competition and regulation are essential for a good market outcome. As central banks provide the backbone of the payment system, they need to be at the cutting edge of technology, he explained. This, he emphasised to participants of a Bundesbank virtual conference, includes working on central bank digital currency.

Weidmann: central banks should not crowd out private payment solutions
Virtual Conference "Future of Payments"
Claudia Buch: Insolvencies will increase

29.11.2020

Bundesbank Vice-President Claudia Buch has warned that an increase in insolvencies could jeopardise the stability of the financial system. “Banks have adequate buffers. Yet the banks and the public sector should be prepared for more negative developments and for an increase in the incidence of insolvency,” she said in an interview with the Frankfurter Allgemeine Sonntagszeitung newspaper.

Risk of insolvencies
Claudia Buch during a conversation
German economic recovery interrupted for the time being

16.11.2020

In its Monthly Report, the Bundesbank’s economists write that the German economy recovered rapidly in the third quarter from its slump in the wake of the coronavirus pandemic. However, they are not expecting the catch-up momentum to continue into the final quarter of 2020 due to the resurgence of the pandemic. On the other hand, they do not expect economic output to slump to a similarly subdued level as in the second quarter, either.

German economic recovery interrupted for the time being
Chairs on a table in a restaurant
Weidmann: Central banks should take adequate account of climate-related financial risks

23.11.2020

Bundesbank President Jens Weidmann has spoken out in favour of central banks taking adequate account in their risk management of climate-related financial risks that could arise from their monetary policy operations. He argues it is therefore legitimate to expect better information to be provided. 

Weidmann: Central banks should take adequate account of climate-related financial risks
Speech by Jens Weidmann
Skyline Frankfurt am Main
German banks increase collateral requirements for loans to enterprises
Residential property in Frankfurt am Main
House prices in Germany rising further
Press conference on the Financial Stability Review 2020
Financial Stability Review: German financial system has proven to be stable
Woman chooses clothing
Survey looks at impact of pandemic on household consumption plans and expectations
Claudia Buch
Statement by Vice President Claudia Buch on the Financial Stability Review 2020
Drafts for the new Deutsche Bundesbank campus
Architectural competition for Project Campus
Sabine Mauderer
Mauderer: Central banks need to take greater account of climate change in their analyses
Euro reference rate of the ECB to the US dollar
Interest rates
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