Bundesbank Executive Board member Joachim Wuermeling has spoken out in favour of further advancing a European financial market union. “A further opening-up of the internal market in financial services is the only way to make the European economy less dependent on financial hubs outside the euro area in the long term”, he said in an interview with the Handelsblatt newspaper.
According to Bundesbank Executive Board member Joachim Wuermeling, the results of the recent stress test demonstrate that European banks are well-equipped for difficult times. However, in his opinion, action still needs to be taken: in an interview with the Sunday edition of the daily Frankfurter Allgemeine newspaper, he said that “profitability does need to be improved”.
Bundesbank Executive Board member Joachim Wuermeling has announced a digital agenda for the Bundesbank for 2019. In an interview with the Börsen-Zeitung, Mr Wuermeling said that new instruments, such as artificial intelligence and machine learning, offer enormous potential for banking supervisors to fulfil their statutory mandate even better in the future.
Selon le président de la Deutsche Bundesbank, Jens Weidmann, la politique monétaire s’apprête à un retour à la normale. « Mais le chemin est encore long. Il recèle encore de grands défis et le point d’arrivée précis reste à définir », a-t-il déclaré au journal Handelsblatt. M. Weidmann a souligné que les incertitudes quant à l’évolution future de l’inflation avaient reculé et que les risques d’une politique monétaire toujours extrêmement accommodante ne devaient pas être occultés.
Bundesbank President Jens Weidmann says that today’s banking system is more crisis-proof than it was a decade ago and that the principle of liability has been strengthened. "Above all, the capital requirements that banks are expected to meet have been increased," Mr Weidmann noted in an interview he gave to Germany’s Bild daily newspaper on the tenth anniversary of the bankruptcy of Lehman Brothers, a US bank.
Bundesbank Executive Board member Joachim Wuermeling thinks German banks still have potential to improve their IT security. "The risk of cyber attacks on financial institutions is high and will continue to increase, the further digitalisation progresses", he said in an interview with the Funke media group.