Bundesbank Seeks Role Over Germany's State Pension Fund, Citing Existing State Mandates
Updated
Updated · Bloomberg · Jul 1
Bundesbank Seeks Role Over Germany's State Pension Fund, Citing Existing State Mandates
3 articles · Updated · Bloomberg · Jul 1
Summary
Joachim Nagel said the Bundesbank is ready to oversee Germany’s planned state-backed pension fund and is actively seeking the mandate.
Speaking in Sintra, Nagel argued the central bank already has the knowledge and expertise for the role because it manages pension assets for several German states.
The comments position the Bundesbank as a candidate for a key oversight job as Germany moves ahead with plans to create the new public pension vehicle.