Buba to strengthen stability role

The Bundesbank is strengthening its role in financial stability by establishing a new department as part of a significant structural overhaul.

Axel Weber, the president of the Bundesbank, said on Friday that the central bank would put together its financial stability analysis expertise in a new department to begin operating on 1 May.

The current department for international relations will make up the core of the new department and be superseded by it. Some employees from the departments for

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