SAFE Policy Lecture: Joachim Wuermeling (Deutsche Bundesbank)
Title: Collaboration instead of rivalry: Thoughts on a digital financial centre of Europe
Speaker: Joachim Wuermeling (Member of the Executive Board, Deutsche Bundesbank)
Moderator: Jan Pieter Krahnen (SAFE and Goethe University)
Brexit is coming closer: On 29 March 2019, the UK will be leaving the European Union. An important part of the partnership will be redefined following the negotiations: the role of London as the main financial centre in Europe. This marks a major turning point with regard to the importance of the financial centres in the European Union. The question arises as to where key finance-related decisions for countries, enterprises and households in the European Union will be made. The assumption that market activity will simply shift towards the European Union is by no means a foregone conclusion. In his speech, Joachim Wuermeling will be elaborating on the question how development potential, which is geographically dispersed over an entire continent, could be tapped more efficiently by establishing a "digital financial centre of Europe".
Joachim Wuermeling is a Member of the Executive Board of the Deutsche Bundesbank, responsible for the Directorates General Information Technology and Markets. From 1999 to 2005, he was a Member of the European Parliament in Brussels and Strasbourg. In 2002/2003, he was also a Deputy Member of the European Constitutional Convention. Following the 2005 parliamentary election in Germany, Joachim Wuermeling was appointed State secretary at the Federal Ministry for Economics and Technology in Berlin, an office he held until 2008. After three years as a Member of the Executive Board of the German Insurance Association (GDV), he worked on the Board of Directors of the Association of Sparda-Banken in Frankfurt between 2011 and 2016. Since November 2016, he has been a Member of the Executive Board of the Deutsche Bundesbank. Joachim Wuermeling is also an honorary professor at the University of Potsdam. After studying law at the Universities of Bayreuth, Erlangen and Dijon, he earned a PhD in European Law from the University of Bayreuth and subsequently a Master of Laws (LL.M.) in Comparative, European and International Laws at the European University Institute, Florence. Following his academic training, he held positions at the Bavarian representative office in Bonn, at the European Commission in Brussels and at the Bavarian State Chancellery in Munich.