The Bundesverband deutscher Banken (Association of German Banks), the voice of the
private commercial banks in Germany, was founded in Cologne in 1951.
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The association informs its members about current political and economic developments
affecting the banking sector. In view of the increasing number of European directives,
national laws and amendments to laws, as well as regulations, this task is steadily growing in importance.
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The European Commission launched its consultation on the digital euro. In a statement about the consultation, Tobias Tenner, Head of Digitalisation, emphasises the importance of a commercial bank money token.
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The European Central Bank has published a report on new digital payment methods that addresses the digital euro. Tobias Tenner, Head of Digitisation, on the ECB’s plans.
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Christian Sewing, President of the Association of German Banks, on the decision of the IFRS Foundation to base the International Sustainability Standards Board (ISSB) in Frankfurt am Main, Germany.
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The European Commission’s proposals for implementing the Basel rules are a step in the right direction. But they do not yet go far enough. Europe is different. It is good that the Commission has decided to take into account European …
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Jens Weidmann has been a strong Bundesbank President for more than ten years and, internationally, he is a highly respected voice on monetary policy.
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”Time is nevertheless of the essence: what we need as quickly as possible is an alliance to tackle the challenges of the future”, said Andreas Krautscheid, Chief Executive of the Association of German Banks.
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“We very much welcome the ECB’s decision to press ahead with its plans for a digital euro,” said Andreas Krautscheid, Chief Executive of the Association of German Banks.
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The planned memorandum of understanding must be finalised and published. Further delay would be grossly negligent,” said Andreas Krautscheid, Chief Executive of the Association of German Banks.
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“The international community looks to the US with concern. Unfortunately, the elections have yet to produce a clear result. We sincerely hope that we will soon have clarity and that the new administration will quickly be able to start work …
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Facebook today issued a new position paper announcing changes to its digital currency, Libra coin. Andreas Krautscheid, Chief Executive of the Association of German Banks, comments as follows.
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"For sustainable investments, we need appropriate framework conditions and not even more bureaucracy", said Christian Ossig to the investment programme for a sustainable Europe.
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The new European Commission faces the testing challenge of holding Europe together and moving it forward in an environment that hasn’t become any easier over the past few months due to looming trade wars and Brexit,” said Andreas Krautscheid.
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“The current package of ECB measures is based on false expectations,” said Hans-Walter Peters, the Association of German Banks’ president.
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“The high election turnout is pleasing – now we need a clear course quickly,” said Hans-Walter Peters, the Association of German Banks’ president, commenting on the outcome of the European elections.
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Once again, the ECB has failed to begin its withdrawal from negative interest rates. That’s disappointing. Measures should have been put in place long ago to ease the burden on European banks – like those taken from the outset by …
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“The vote is a serious warning shot for all concerned,” Andreas Krautscheid, Chief Executive of the Association of German Banks, said of yesterday’s Brexit decision.
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“100 days before the United Kingdom leaves the EU, a hard Brexit is more likely than ever", comments Andreas Krautscheid, the Association of German Banks’ chief executive, on the ongoing preparations in the banking sector.
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“The ECB’s decision to end its net asset purchases at the end of the year was overdue,” said Hans-Walter Peters, president of the Association of German Banks, commenting on the decision today by the European Central Bank.
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