Deutsche Bundesbank
New conflict over Bundesbank bonus cuts
The new spat between the German finance ministry and the Bundesbank has developed over cuts in the compensation schemes of the central bank's staff.
Deutsche Bundesbank adopts SwiftNet FileAct
According to a report on Finextra.com, Deutsche Bundesbank is to adopt SwiftNet FileAct to begin standardizing its communications system for low value payments, bringing its branches in line with Germany's national Real Time Gross Settlement as it…
German govt, Bundesbank set for gold clash
A long-simmering squabble between the German government and the Bundesbank over the use of Germany's massive gold reserves may come to the boil again as a result of new legislation drafted by the finance ministry, the Financial Times reported.
Report says Germany may create gold sale fund
Germany may create a special fund for the proceeds of Bundesbank gold sales in a move which could help ease central bank opposition to the sale of part of its huge reserves, according to a draft law quoted by Reuters on Thursday 2 February.
Merkel looks to Buba for chief economic advisor
German Chancellor Angela Merkel has recruited a top Bundesbank economist, Jens Weidmann, to advise her in economic matters, a German government spokesman said on Wednesday 1 February.
Buba's Weber says ECB 'ready to act' on rates
The European Central Bank is ready to act again any time if necessary on interest rates in the eurozone, Bundesbank chief Axel Weber said in a newspaper interview.
Stark the 'only candidate' for ECB post
Germany's Juergen Stark is the "only candidate" for the European Central Bank's executive board, according to the head of the eurozone group of finance ministers.
Eurosystem central bank staff cuts gather pace
The number of central bankers in the eurosystem stands at 49,559, a fall of 5.3% or 7,237 staff since one year ago, and 11.9% lower than when the euro was launched in 1999, reveals the 2006 edition of Central Banking Publications' Central Bank Directory.
Deutsche Bundesbank Monthly Report, November 2005
The Deutsche Bundesbank published the English version of its November 2005 Monthly Report on 20 December. The German central bank said it still expects GDP to grow around 1 pct this year following a faster-than-expected rise in the third-quarter…
German govt confirms Bundesbank staff cut plan
The German government is considering plans to reduce the size of the Bundesbank's staff with cuts that go beyond a current round of planned reductions, the Finance Ministry said on Saturday 7 January.
Jurgen Stark on the IMF's strategic direction
In an Editorial published on Friday 6 January, Jurgen Stark, currently vice president of the Deutsche Bundesbank, says efforts to strengthen the IMF's surveillance function and the so-called "exceptional access framework" - must now be locked in and…
Interview with Hans Tietmeyer
Former Bundesbank president Hans Tietmeyer said in comments published Friday 6 January, that it's too early to pass final judgment on the legacy passed down by Alan Greenspan. "He is an impressive personality. He is open to debate. You can use all…
Bundesbank rejects report of 1,500 job cuts
The German government is planning to cut about 1,500 jobs at the Bundesbank by the end of 2007, Der Spiegel magazine reported, quoting a letter Barbara Hendricks, secretary of state to the finance ministry, sent to Volker Wissing, a member of the lower…
Comment: Reshuffle at the ECB?
When Otmar Issing retires from the ECB's 6-member executive board next year, Germany's seat is likely to be taken by Jurgen Stark, currently vice-president of the German Bundesbank.
Buba, BaFin, Bank of Italy sign agreement
The Bundesbank, Germany's financial watchdog BaFin and Italy's central bank Banca d'Italia have signed an agreement to cooperate in the regulation of Unicredito Italiano SpA following its takeover of HVB Group, according to a statement published by BaFin.
Comment: Frosty start for Bundesbank and new govt
Relations between the German Bundesbank and the new coalition government of Angela Merkel have got off to frosty start. Bundesbank president Axel Weber has been critical of plans to consolidate public finances.
Deutsche Bundesbank Monthly Report, October 2005
The Deutsche Bundesbank published the English version of its October 2005 Monthly Report on 25 November. Following a sharp improvement at the beginning of the third quarter, industrial business activity slackened somewhat in August.
Comment: Fierce criticism of the ECB
The European Central Bank's recent indication of its intent to raise interest rates has prompted a wave of fierce press criticism, and not only from within the eurozone.
Buba says Merkel's budget may be unconstitutional
Angela Merkel, who was sworn in as German Chancellor on Tuesday 22 November, plans to ignore constitutional rules in running up record borrowing next year, the Bundesbank said in its November monthly report.
Weber on challenges to the global economy
In the speech 'Challenges to the global economy' given on 18 November Axel Weber of the Deutsche Bundesbank said greater currency flexibility in parts of Asia is essential for resolving global economic imbalances whereas structural reform in Europe would…
Tripartite protocol on banking supervision signed
Jean-Claude Trichet and Dr. Farouk El Okdah, governor of the Central Bank of Egypt, on 13 November signed a Tripartite Protocol to mark the start of a Eurosystem Technical Assistance Programme on Banking Supervision.
Markets well prepared for rate hike says Stark
Bundesbank Vice-President Juergen Stark said in an interview on Friday 4 November financial markets are well prepared to digest an interest rate hike by the European Central Bank.
Buba's Remsperger on money in an uncertain world
In the speech 'Money in an uncertain world' given on 27 October Hermann Remsperger of the Deutsche Bundesbank said it is a fact that uncertainty will remain a key characteristic of monetary policy making.
Wellink sees increased inflation concern for ECB
European Central Bank council member Nout Wellink said in an interview that the bank is ``increasingly concerned about inflation,'' echoing comments by other ECB officials.