Articles & interviews
The vdp conveys the common standpoints of German Pfandbrief banks to legislators, the government, authorities, as well as banking and financial-sector institutions at the national, European and international levels. In addition, it informs the media and the public. Below you’ll find positions by the vdp on statutory changes that have an impact on Pfandbriefe and the underlying business sectors of Pfandbrief banks.
Articles & interviews
Sustainable finance under threat from proliferation of regulatory control
Jens Tolckmitt: Control sometimes overshoots the mark, with the level of detail in the regulations going well beyond any reasonable measure.
No signs of implosion
Four questions for... Jens Tolckmitt, Association of German Pfandbrief Banks – vdp
On the German property boom, the formation of bubbles and them bursting
In principle, a structurally sound market like the German property market is extremely robust.
Towards harmonisation of covered bonds in Europe
By Dr. Stoecker in Winter 2019 Housing Finance International: After decades of discussion on the EU-wide harmonisation of the legal framework for secured bonds issued by credit institutions, the CB directive came into force on 7 January 2020. The article explains the background and the milestones on the long road to this harmonization. For 50 years the vdp has been launching numerous initiatives in this direction and has contributed to the fundamental groundwork.
Every year, more and more banks supply data to the database
Interview with Jens Tolckmitt: On the tenth anniversary of vdpResearch, Jens Tolckmitt, Chief Executive of the vdp, is very positive about the subsidiary's progress in an interview with I & F, noting in particular that it has made a significant contribution to increasing transparency on local property markets. Of course, much of this is attributable to a well maintained and increasingly extensive database, which – in contrast to many other providers – is based exclusively on actual transaction data.
It’s worth taking a look back
Jens Tolckmitt, Chief Executive of the VDP
The financial community and Pfandbrief banks can this year look back proudly on a quarter of a millennium of financial history in which the Pfandbrief has grown from a regional financial innovation into a financial product that is in demand worldwide.
In favour of implementing Basel IV in Europe with a sense of proportion and sensitivity
Guest article by Jens Tolckmitt, Chief Executive Officer of the Association of German Pfandbrief Banks (vdp), Frankfurter Allgemeine Zeitung, 20 September 2019:
Tolckmitt appeals towards the European legislators to show more sensitivity in implementing Basel IV. The Pfandbrief banks plead for a literal implementation of the Basel agreements on the output floor.