The digital euro is a European joint project in which the German banks continue to actively participate. However, we have many questions that should still be answered by the ECB. Among other things, there is no concrete answer to what risks a digital euro may have for financial market stability, s

Herkenhoff: Unanswered questions about the ECBs digital euro

“The European Central Bank has made the right decision not to end interest rate hikes prematurely. By doing so, it is staying the course on its monetary policy,” said Heiner Herkenhoff, Managing Director of the Association of German Banks, on today’s ECB Governing Council meeting. 

‘ECB have made the right decision’ says Herkenhoff

“It is right that the ECB stays the course in stamping out stubborn inflation. Today’s interest rate hike of 25 basis points represents a fine-tuning of its monetary policy. The key interest rates are well above the three percent mark and the gradual increases need time to take effect,” said Heiner 

Herkenhoff: ECB remains determined to stamp out inflation

“Getting inflation down continues to be the ECB’s top priority, that is important. Even after today’s interest rate hike, it is too soon to sound the all-clear for inflation in the euro area,“ said Henriette Peucker, Deputy Chief Executive of the Association of German Banks, about today’s ECB meetin

Peucker: Inflation remains stubborn

Todays decision by the Governing Council of the European Central Bank (ECB) to move its project to develop a digital euro into a preparation phase is viewed positively by the German Banking Industry (GBIC). A properly designed digital euro can offer added value for the European economy and society

GBIC sees ECB decision for preparatory phase of a digital euro as positive / Consider risks and hold democratic debate

The European Central Bank (ECB) launched a public consultation in July 2023 on its Guide on effective risk data aggregation and risk reporting. The guide details supervisory expectations for governance and risk management and shares best industry practices. Banks are expected to step up and conclude

GBIC comments on ECB’s Guide on effective risk data aggregation and risk reporting

The European Central Bank (ECB) launched a public consultation in June 2023 on its revised Guide to internal models. The revision reflects updates on the legal framework and builds on the ECB’s experience gained over the years in supervising internal models. The revision accounts for climate-related

GBIC comments on ECB’s revised Guide to internal models

The ECB is pushing ahead with preliminary investigations regarding a Digital Euro at high speed. A digital euro can offer added value for the economy and society if it is designed properly. However, if it is not designed properly, a Digital Euro is associated with major risks that affect financial m

DK Position Paper on the Current Discussion on the ECBs Digital Euro

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.

ECB

Current articles

Herkenhoff: Unanswered questions about the ECBs digital euro

‘ECB have made the right decision’ says Herkenhoff

Herkenhoff: ECB remains determined to stamp out inflation

Peucker: Inflation remains stubborn