Nevertheless, in our opinion, the new German government would be well advised to closely consult the Bundesbank in the decision-making process at an early stage. In any case, the Eurosystem will have to be consulted before the law is changed. Supervision of the financial system will have to become more systemically-oriented in the future.
After all, it’s a lot easier to have trust in an institution if it is open about its goals and strategies, and if it offers a clear way to measure its performance. Trust and the private sector This is relevant not just to central banks but to the entire business and financial community.