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Press releases

October 18, 2023

GBIC sees ECB decision for preparatory phase of a digital euro as positive / Consider risks and hold democratic debate

Today's decision by the Governing Council of the European Central Bank (ECB) to move its project to develop a digital euro into a preparation phase is viewed positively by the German Banking Industry (GBIC). "A properly designed digital euro can offer added value for the European economy and society. It can increase European sovereignty in payment transactions, support the ability to innovate and - for example through an offline functionality - strengthen the functionality of payment transactions even in crisis situations," says Tanja Müller-Ziegler, Member of the Board of the Federal Association of German Cooperative Banks (BVR), in charge of GBIC.

July 28, 2023

2023 EU-wide stress test: capitalization of German institutions proves robust in a tough stress scenario

The European Banking Authority (EBA) and the European Central Bank (ECB) have today published the results of their latest periodic stress test. The previous stress test had been conducted in 2021

June 28, 2023

German banking industry calls for political guard rails for a digital euro

- The EU Commission presented a legislative proposal for the introduction of a digital euro today. According to the proposal, the digital euro is intended to be a response to the declining use of cash and to ensure access to central bank money for the population even in the digital age. At the same time, it is intended to help secure Europe's digital and monetary independence.


BVR - May 6, 2014, 12:00:00 PM

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