Search
20 results, sorted by
-
Financial markets Key-issues paper on the regulatory treatment of electronic securities and crypto tokens
The Federal Ministry of Finance and the Federal Ministry of Justice and Consumer Protection have jointly published a key-issues paper discussing the possible introduction of electronic securities and the regulation of public offers of certain crypto tokens. The paper forms part of efforts to strengthen Germany’s role as one of the world’s leading digital technology and fintech locations.
-
Financial markets Germany contributes to global financial stability
During a recent visit to Washington, D.C., former State Secretary Wolfgang Schmidt confirmed German financial support for two thematic technical assistance funds at the International Monetary Fund (IMF). The funds help IMF member countries to improve their statistics systems and to make their financial markets more resilient against crises.
-
Financial markets Joint initiative with the Netherlands and France on the Capital Markets Union
Former Federal Minister of Finance Olaf Scholz has teamed up with Wopke Hoekstra and Bruno Le Maire, the finance ministers of the Netherlands and France, to launch an initiative to advance the Capital Markets Union, a step that will durably strengthen the EU internal market. The three finance ministers want to set up a high-level group of experts that will formulate specific milestones this year …
-
Financial markets Joint communiqué: The Capital Markets Union working group is taking shape
The high-level working group proposed jointly in May by Germany, the Netherlands and France is now taking shape. On 12 June 2019, the first members of the high-level working group were announced. The group’s analysis and recommendations – which will flow into the CMU roadmap – are to be delivered no later than 30 September 2019.
-
Financial markets New measures to further enhance investor protection
The Federal Ministry of Finance and the Federal Ministry of Justice and Consumer Protection have agreed on a package of measures to enhance investor protection. The measures expand the scope of BaFin’s powers for the supervision of financial products and their distribution. Capital investments are now subject to even stricter requirements.
-
Financial markets Joint Statement on Libra
At the meeting of eurozone finance ministers in Helsinki on 13 September 2019, Germany and France issued a joint statement on the digital currency Libra. Former Federal Minister of Finance Olaf Scholz and his French counterpart Bruno Le Maire oppose Facebook’s digital currency. They consider that the Libra project fails to convince that risks will be properly addressed.
-
Financial markets German government adopts blockchain strategy
The German government has adopted a new blockchain strategy. This makes Germany one of the first countries to unveil a blueprint for taking advantage of the opportunities that blockchain technology offers and for harnessing its potential to advance digital transformation. It is one of the mostly widely discussed digital innovations that are currently transforming economies and societies.
-
Financial markets Developing the Capital Markets Union
Olaf Scholz, former German Finance Minister, Wopke Hoekstra, Minister of Finance of the Netherlands and Bruno Le Maire, Minister of Economy and Finance of France, received the “Savings and Sustainable Investment Union” report by the Next Capital Markets Union High-Level Group on 9 October 2019. They thanked the Next CMU Group for their high-quality work and welcome the ambitious recommendations …
-
Financial markets Sustainable finance
The COVID-19 pandemic and climate change highlight how important the United Nations’ 17 Sustainable Development Goals (SDGs) are to economic growth and financial market stability. SDG 3 aims to ensure healthy lives for all, while SDG 13 focuses on climate action.
-
Financial markets Combating financial reporting fraud and strengthening controls over financial markets
Listed companies need to be more stringently controlled. On 7 October, the Federal Ministry of Finance presented the federal cabinet with an action plan to combat financial reporting fraud and to strengthen controls over capital and financial markets, which it drafted in cooperation with the Federal Ministry of Justice and Consumer Protection. Draft legislation will be presented shortly with the …