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Remarks at the "Bell ringing ceremony"

· Joachim Nagel, President of the Deutsche Bundesbank (Germany)

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· Joachim Nagel Wiki · Deutsche Bundesbank WikiRemarks at the "Bell ringing ceremony"

ContextRemarks at a bell-ringing ceremony at Deutsche Börse in Frankfurt for the European Commission joining the Eurex repo market; the Bundesbank is Germany's central bank and supports deep European markets.

Why it mattersBrussels joining the collateralised lending market deepens trading in common EU bonds.

Problems raised
  1. Digital and green investment needs are huge.
  2. Insolvency regimes are fragmented.
  3. Capital must reach innovative firms.
Solutions proposed
  1. Act as clearing member for the European Commission.
  2. Strengthen Frankfurt as a financial hub.
  3. Harmonise insolvency rules.
Read full speech on bis.org ↗

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