Ceremonies took place to formally mark two changes of office, each with around 50 guests. The new Bundesbank representatives are Thomas Notheis in Mumbai and Alexander Lieber in São Paulo.

The coronavirus pandemic has forced central banks to make significant strides in their digitalisation efforts. 30 experts came together in an ad hoc expert panel to share their experiences with the digitalisation process. The Bundesbank offered insights into its new InnoWerk lab.

Germany’s current account recorded a surplus of €14.4 billion in August 2024, down €3.3 billion on the previous month’s level. This was chiefly attributable to a smaller goods account surplus.

Ruth Förtsch, Daniel Nagel, Karin Sagner-Kaiser and Alexander Schwarz are new on the CIC team.

A Memorandum of Understanding has been signed between the Deutsche Bundesbank and the People’s Bank of China.

The Representative Office in New York provides an informal atmosphere – Bundesbank staff present their work to American banking and financial experts. To start off: Dr Weigert with the 2018 Financial Stability Review.

A lack of data is making it very difficult to estimate probabilities of default. Experts from 13 countries discussed different approaches, from the factoring in of certain variables to the development of algorithms. Only time will tell which of these will win out in practice.

Britta Weinmann is the Bundesbank’s new representative at the German embassy in Moscow. Ms Weinmann, who worked in banking supervision at the Bank’s Regional Office in Hesse prior to this, took over her new role on 1 August from Sven Redel

The certificate is signed with the SHA-256 algorithm by the Bundesbank Root CA 2017 Advanced and is valid for six years.

The Bundesbank took a fully active part in this project. Experts involved describe their personal impressions.