The digital euro needs to start small to avoid disrupting the banking sector, the head of Germany’s central bank said Tuesday (Sept. 14). During a conference in Frankfurt, Bundesbank President Jens Weidmann cautioned against moving too quickly on the digital euro, Reuters reported. “A gradual...
For the second time in four days, a high-ranking German regulator has called for major changes in response to the Wirecard scandal. In the latest development, Bundesbank President Jens Weidmann said in an interview published by newspapers that are part of the Funke media organization...
The president of Germany’s financial watchdog agency defended its actions in the Wirecard AG case where $1.2 billion in deposits went missing. Felix Hufeld, head of the Federal Financial Supervisory Authority, known as BaFin, denied that its regulators failed to investigate Wirecard in what has...
Bundesbank, Germany’s central bank, said increased use of financial technology in the country could present regulators with their biggest hurdle since the financial crisis, according to a report by Bloomberg. “We are seeing completely new business models like platforms and crowdfunding,” said Joachim Wuermeling, a...
May 06, 2024
Bundesbank’s president said central banks must speed the adoption of digital currency to remain viable. “If you would have asked me 20 years ago if the central bank business model” were “destroyable or not, I would have said no,” Joachim Nagel said on Monday at a Bank for International Settlements Innovation Summit. “Now I am not so […]
September 14, 2021
The digital euro needs to start small to avoid disrupting the banking sector, the head of Germany’s central bank said Tuesday (Sept. 14). During a conference in Frankfurt, Bundesbank President...
July 27, 2020
For the second time in four days, a high-ranking German regulator has called for major changes in response to the Wirecard scandal. In the latest development, Bundesbank President Jens Weidmann...
July 01, 2020
The president of Germany’s financial watchdog agency defended its actions in the Wirecard AG case where $1.2 billion in deposits went missing. Felix Hufeld, head of the Federal Financial Supervisory...
