What has been the main focus of your work at the Deutsche Bundesbank?
During my eight-year term at the German central bank, I had two main focus areas. For the first four years of my mandate, I was responsible for financial stability – ie, the macro-prudential side of things. I took over the financial stability department from my predecessor in a rather nascent stage, because it was only formed shortly before I joined. We did not have a mandate for financial stability, and there was no