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Nagel: “We have to get our act together”
13.11.2024
We could be on the verge of a global economic turning point, Bundesbank President Joachim Nagel said in an interview with the weekly newspaper “Die Zeit”. In this situation, we need more Europe, not less. Trump’s proposed trade tariffs could prove very painful for Germany. Should they be implemented, he said, we might even see negative economic growth next year. Mr Nagel considers European monetary policy to be on the right track.
Nagel: “We have to get our act together”
© Frank Rumpenhorst
New allocation of responsibilities within the Executive Board of the Deutsche Bundesbank
At the beginning of November, Fritzi Köhler-Geib was appointed as new member of the Executive Board. The Executive Board has therefore reallocated its areas of responsibility. The following allocation of responsibilities shall apply with immediate effect.
Executive Board of the Deutsche Bundesbank
© Gaby Gerster, Alexandra Lechner, Nói Crew
Ten years of the SSM
04.11.2024
On 4 November 2024, the Single Supervisory Mechanism (SSM) celebrates its 10th anniversary: since its inception on 4 November 2014, the largest and most significant banks in the euro area have come under the direct supervision of the European Central Bank (ECB) as part of the SSM. Its aim is to promote financial stability and minimise risk. Joint Supervisory Teams and standardised rulebooks help to harmonise banking supervision and strengthen trust in the European banking system.
© Olaf Dziallas
© NÓI CREW