Covered bonds have a long history as a safe financial instrument and are still today a cornerstone of bank funding in Europe. But what underpins their success and how might new regulatory initiatives influence covered bond markets? A new study provides a theoretical model of covered bonds and identifies potential drawbacks of the instrument.

From 1 December 2016, a new face will represent the Bundesbank in São Paulo. Eike Berner will take over from Marc Rennert, whom Executive Board Member Andreas Dombret thanked for the past four years' work at a celebration to mark the occasion.

The October 2016 Monthly Report explains selected aspects of local government finances and their evolution over time and describes the significance and impact of high-frequency trading on the German capital market

Italy's Minister of Economy and Finance, Pier Carlo Padoan, believes that the current political and economic uncertainty is one of Europe's most pressing problems. Speaking at the Goethe University in Frankfurt am Main, he explained that it was therefore essential to build up confidence in the long term.

Mit einem klassischen Konzert in der Alten Oper starteten am Montag die Europa-Kulturtage 2016. In seiner Eröffnungsrede stellte Präsident Jens Weidmann noch einmal das Programm vor, das in den kommenden sechs Wochen Deutschlands kulturelle Vielfalt präsentiert.