Bundesbank Executive Board Member Joachim Wuermeling Speech can clarify certain aspects of the financial regulation in Germany.
Germany's central bank, the Bundesbank, is governed and managed by the Executive Board. The Board consists of the President, the Vice-President and four other members, who are appointed by the President of the Federal Republic of Germany. Prof Dr Joachim Wuermeling has been the member of the Executive Board since 2016. He is responsible for banking supervision, information technology and risk control. He is also the member of the ECB Supervisory Board and is an honorary professorship in the University of Potsdam.
He often participates in various events, speaks at various international forums, conferences and congresses, lectures to students, etc.
Bundesbank Executive Board Member Speech can have a short-term effect on currency quotes, the nature of which depend on the topic and wording. However, the effect is rarely significant.