Third, the German economy is facing major structural challenges: higher energy prices and heightened geopolitical risks are putting pressure on the economy to adjust and adding to underlying structural shifts such as demographic change and digitalisation. Hence, a resilient financial system is needed that functions even during periods of stress and that can support structural change in the real economy.
It is therefore not only in the interest of market stability but also corporate balance sheet that the derivative products are used more responsibly for risk containment, more so on account of the increased volatility in the markets, so that they serve the purpose they were designed for. 23.