Christine Lagarde: The future of the euro area economy Sspeech by Ms Christine Lagarde, President of the European Central Bank, at the Frankfurt European Banking Congress, Frankfurt am Main, 22 November 2019. * * * It is a pleasure to be speaking here this morning at the European Banking Congress.
It provides an institutional framework for the cooperation between BaFin, the Federal Ministry of Finance and the Bundesbank, which are the institutions that previously shared information informally about the macroeconomic situation in Germany and the rest of the world. Within the AFS, the Bundesbank is responsible for macroprudential oversight. The Bundesbank can propose that the AFS issue warnings and recommendations.