Bundesbank Executive Board Member Burkhard Balz 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.
Bank representatives often speak in public. Their speeches 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.