To mark the 75th anniversary of the Association of German Banks, around 500 guests from politics, business, and finance gathered in Berlin, with Chancellor Friedrich Merz and ECB President Christine Lagarde delivering keynote speeches. Representatives from TSI were also in attendance.
While negotiations to revise the EU’s securitisation framework appear to have stalled – the European Council has only addressed broad flaws in the Commission’s proposal, and the Parliament is currently bogged down in internal discussions – there has been no public sign of a decisive push from the German federal government to move things forward. However, in his speech, Chancellor Merz reaffirmed the government’s clear commitment to the capital and securitisation markets:
“I want the capital market in Europe to become so strong, so liquid, that the capital pools we have can grow strong enough to help strengthen the European capital market themselves. I want us to revive the securitisation market as quickly as possible, so that we can build a high-performance European financial market infrastructure. This is exactly what the federal government is working towards. And this is exactly what I am personally advocating for, with all the weight I can bring to bear, at the European level” (own translation).
We will continue to monitor developments to ensure that the momentum in Berlin and Brussels for strengthening securitisation markets is maintained.
You can read Chancellor Friedrich Merz’s full speech here (available in German only):
www.bundeskanzler.de/bk-de/aktuelles/bk-rede-jahresempfang-banken-2422220
Annual reception to mark the 75th anniversary of the Association of German Banks (BdB)
A look back