The German financial system has weathered the period of exceptionally strongly rising interest rates well overall and remained stable over the past twelve months, too. Interest rates have gone back down in the meantime.

The prudential requirements for IT, which are mainly intended for the management boards of credit institutions, aim to provide a more transparent outline of supervisors' expectations regarding IT security.

In T2 there are two regular releases scheduled per year – one on the second weekend of June and one on the third weekend of November. The dates are synchronised with the releases in T2S (June and November). The respective release notes for the production and test environment can be found here.

Germany’s automotive sector is currently undergoing a process of profound transformation, the Bundesbank explains in its latest Monthly Report. The transition to e-mobility poses major challenges for German manufacturers of motor vehicles and motor vehicle parts, it writes. In addition, the international environment is less favourable, with sluggish growth in the global automotive market and rising competitive pressure from China.