In terms of the distribution of responsibilities within Germany, it is crucial that the Bundesbank remain firmly involved in banking supervision so that we can share our extensive expertise and utilise the findings from supervisory activities for other tasks.
This is even more important since the Bundesbank recently took on an even more significant role in the monitoring of financial stability in Germany through the Financial Stability Committee. In this context, we are also keeping a watchful eye on the situation in the real estate market, which is no doubt a topic in your discussions, too.