· Joachim Nagel Wiki · Deutsche Bundesbank WikiIntroductory remarks - Sibos 2025 conference
Read full speech on bis.org ↗ContextIntroductory remarks by Joachim Nagel, President of the Deutsche Bundesbank, at the opening plenary of the Sibos 2025 conference, Frankfurt am Main, 29 September 2025.
Why it mattersExplains why payments have become a political and strategic question.
Problems raised
- Payments have become political.
- Disruptive technologies change market infrastructure.
- New instruments could fuel runs or volatility.
Solutions proposed
- Keep central bank money as the anchor.
- Use wholesale central bank digital currency with DLT.
- Set guardrails against distorted incentives.