Therefore, the Federal Banking Supervisory Office and the Deutsche Bundesbank have been playing a proactive role in coordinating the efforts across the financial institutions: at their instigation, the Central Credit Committee (ZKA) established a forum comprising several banking associations for exchanging experience on the Year 2000 problem at the expert level.
To fulfil that at this time, it must keep interest rates low and must work towards an expansionary monetary policy which accompanies growth. That’s the point, not punishment or rewards. But sometimes it is hard to explain this to everyone in Germany, including in discussions with some politicians... What are they saying to you?