World

G7 to en­hance cy­ber­se­cu­ri­ty

On the margins of this year's Annual Meetings of the IMF and World Bank Group in Washington, D.C. on 12/13 October 2017 the G7 finance ministers and central bank governors adopted the  report on the G7 Fundamental Elements for Effective Assessment of Cybersecurity in the Financial Sector.

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6 June 2018

Joint letter from Germany, France and the United Kingdom to the United States requesting exemptions from US Iran sanctions

The Foreign Affairs and Finance Ministers from Germany, France and the United Kingdom sent a joint letter to the United States.
They request to reduce the risks that US secondary sanctions could pose to EU and German businesses by exempting European companies and sectors.

4 June 2018

G7 finance ministers and central bank governors meet in Whistler

G7 finance ministers and central bank governors met in the Canadian resort town of Whistler on 1–2 June 2018, with German Finance Minister Olaf Scholz and Bundesbank President Jens Weidmann representing Germany. The meeting’s main topic was the current trade dispute with the US. Various other issues relating to international cooperation in the area of finance were also discussed.

23 March 2018

G20 finance ministers and central bank governors convene in Buenos Aires

On 19–20 March 2018, the G20 finance ministers and central bank governors gathered in Buenos Aires for their first meeting under Argentina’s presidency. Germany’s new finance minister Olaf Scholz was also in attendance. Discussions addressed a wide range of key issues, focusing in particular on the shape of the global economy, financial market regulation, international tax policy and the fight against terrorist financing.

18 October 2017

Meeting of ASEM Customs Directors-General in Berlin

The 12th meeting of ASEM Customs Directors-General took place in Berlin on 16/17 October 2017. The meeting brought together the Customs Directors-General from the European and Asian member states of ASEM along with representatives from the European Commission. The World Customs Organization also attended as an observer.

11 October 2016

Fundamental Elements of Cybersecurity for the Financial Sector

The G7 countries attach great importance to cyber security in the financial sector. Therefore, minimum standards for cyber security in the financial services sector should be designed to protect consumers, institutions, data and infrastructure.

28 July 2016

Meeting of G20 finance ministers and central bank governors in Chengdu

At the meeting of G20 finance ministers and central bank governors in Chengdu, Germany put emphasis on international tax policy.

21 July 2016

Annual meeting of the Asian Infrastructure Investment Bank in Beijing

The Board of Governors of the new Asian Infrastructure Investment Bank (AIIB) convened in Beijing on 25-26 June 2016 for its first annual meeting. The Governors noted the progress made by the AIIB since it was established on 16 January 2016. This includes the launching of the bank’s first four infrastructure projects, which will involve a total of US$509 million in loans.

27 June 2016

UK’s EU referendum: Statement of G7 finance ministers and central bank governors

The G7 finance ministers and central bank governors released a statement on 24 June 2016 following the UK’s referendum on the EU: The G7 respect the intention expressed by the people of the United Kingdom, will continue to consult closely on market movements and financial stability, and remains united and will continue to maintain solidarity as G7.

1 June 2016

IMF and G20 meetings in April 2016

The spring meetings of the International Monetary Fund (IMF) and World Bank in Washington provided the backdrop for meetings of the G20 finance ministers and central bank governors as well as the IMF’s International Monetary and Financial Committee on 14-16 April 2016. The discussions focussed on the state of the global economy and the international community’s response to the Panama Papers. Other topics included the global financial safety net and the IMF’s forthcoming quota review.