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←Created page with '{{subst:AfC submission/draftnew}}<!-- Important, do not remove this line before article has been created. --> Sabine Mauderer (born 1970) serves as member of the Executive Board of the Deutsche Bundesbank. She is a member of the Steering Committee of the Network for Greening the Financial System. Previously, she worked at the KfW Banking Group where she held different senior positions.<ref>{{Cite web|last=|title=Dr Sabine Mauderer Curriculu...'
 
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{{short description|German banker}}
{{AfC submission|t||ts=20211201125935|u=Ballpaca|ns=118|demo=}}<!-- Important, do not remove this line before article has been created. -->
[[File:Sabine Mauderer.jpg|thumb|Sabine Mauderer - Member of the Executive Board of the Deutsche Bundesbank]]

Sabine Mauderer (born 1970) serves as member of the Executive Board of the [[Deutsche Bundesbank]]. She is a member of the Steering Committee of the [[Network for Greening the Financial System]]. Previously, she worked at the [[KfW|KfW Banking Group]] where she held different senior positions.<ref>{{Cite web|last=|title=Dr Sabine Mauderer Curriculum Vitae|url=https://www.bundesbank.de/en/bundesbank/organisation/executive-board/sabine-mauderer/curriculum-vitae-758366|url-status=live|access-date=|website=|publisher=Deutsche Bundesbank|language=}}</ref>
'''Sabine Mauderer '''is a member of the executive board of [[Deutsche Bundesbank]] and she is known for her work in encouraging banks to consider the impact of [[climate change]] on banks. She has also worked at the [[KfW|KfW Banking Group]].


== Education and early career ==
== Education and early career ==
Mauderer was born in Schleswig-Holstein<ref>{{Cite news |last=Ettel |first=Anja |date=26 July 2018 |title=Eine Frau fur den Vorstand der Bundesbank |pages=10 |work=Die Welt, Ausgabe Berlin; Berlin |via=[[Proquest]]}}</ref> in 1970.<ref name=":0" /> Mauderer studied Law at [[Osnabrück University|Osnabrueck University]] and the [[University of Seville]], graduating in 1998. In 2000, she earned a PhD in Law from Osnabrueck University. In 2009, Mauderer obtained an Executive MBA from [[ESSEC Business School]] and [[Mannheim Business School]].<ref name=":0">{{Cite web|title=Dr Sabine Mauderer Curriculum Vitae|url=https://www.bundesbank.de/en/bundesbank/organisation/executive-board/sabine-mauderer/curriculum-vitae-758366|access-date=|website=|publisher=Deutsche Bundesbank|language=}}</ref><ref>{{Cite web |last= |title=Dr Sabine Mauderer Curriculum Vitae |url=https://www.bundesbank.de/en/bundesbank/organisation/executive-board/sabine-mauderer/curriculum-vitae-758366 |access-date= |website= |publisher=Deutsche Bundesbank |language=}}</ref> From 2003 until 2006, she worked at the German [[Federal Ministry of Finance (Germany)|Federal Ministry of Finance]] on financial markets.<ref name=":1">{{Cite news |last1=Mannweiler |first1=Antonia |last2=Schönauer |first2=Inken |date=28 March 2020 |title=Eine Bundesbankerin im Krisenmodus |work=Frankfurter Allgemeine Zeitung |pages=26}}</ref> From 2004 to 2005, Mauderer was seconded to the [[Embassy of Germany, Washington, D.C.|German Embassy in Washington, D.C]]. In 2006, Mauderer joined the KfW Banking Group where she held several senior positions. In 2018, she was appointed to the Executive Board of the Deutsche Bundesbank.<ref>{{Cite news |date=26 July 2018 |title=KfW-Juristin Sabine Mauderer soll in den Bundesbank-Vorstand |language=de |work=Frankfurter Allgemeine Zeitung |url= |access-date= |via=[[Proquest]]}}</ref><ref>{{Cite news |date=25 July 2018 |title=Bundesbank-Vorstand: Olaf Scholz schlägt Sabine Mauderer vor |language= |work=Der Spiegel |url=https://www.spiegel.de/wirtschaft/soziales/bundesbank-vorstand-olaf-scholz-schlaegt-sabine-mauderer-vor-a-1220095.html |access-date= |issn=}}</ref> In January 2022, she was appointed Vice-Chair of the [[Network for Greening the Financial System]].<ref>{{Cite news |date=July 1, 2022 |title="Wir müssen umsteuern": Bundesbank-Vorstand Sabine Mauderer über die finanziellen Gefahren des Klimawandels, die Probleme von Nachhaltigkeits-Labels und ihre Unlust am Dienstwagen. |work=Frankfurter Allgemeine Zeitung (online), Frankfurt |via=[[Proquest]]}}</ref>


== Work ==
Mauderer is responsible for the implementation of the [[European Central Bank|European Central Bank’s]] [[monetary policy]] in Germany by Deutsche Bundesbank.<ref name=":1" /> She believes that [[Capital market|capital markets]] play an important role in financing the [[Climate change|sustainable]] and [[digital transformation]] of the economy in Germany and Europe.<ref>{{Cite web|last=Neubacher|first=Bernd|date=1 October 2021|title=Bundesbank erwärmt sich für Verbriefungen {{!}} Börsen-Zeitung|url=https://www.boersen-zeitung.de/banken-finanzen/bundesbank-erwaermt-sich-fuer-verbriefungen-7c93c3da-21d3-11ec-a648-d6c6fcb466ee|access-date=|website=|publisher=Börsen-Zeitung|language=}}</ref> Mauderer has argued that [[Public–private partnership|public-private partnerships]] can be a feasible way to mobilise funds for the transition.<ref>{{Cite web|last=Breinich-Schilly|first=Angelika|date=21 April 2021|title=Green Finance braucht durchdachte Klimapolitik|url=https://www.springerprofessional.de/nachhaltige-geldanlagen/emerging-markets/zentralbank-ist-kein-ersatz-fuer-fehlende-klimapolitik/19064254|access-date=|website=|publisher=Springer Professional|language=}}</ref> Mauderer has also made the case for more openness of businesses in Germany and supports a [[Capital Markets Union|European capital markets union]].<ref>{{Cite web|last=Sleegers|first=Anna|date=19 November 2019|title=Mauderer wünscht sich mehr Vertrauen in Europa {{!}} Börsen-Zeitung|url=https://www.boersen-zeitung.de/banken-finanzen/mauderer-wuenscht-sich-mehr-vertrauen-in-europa-ae053160-5f71-4539-aded-8b13874c1d8e|access-date=|website=|publisher=Börsen-Zeitung|language=}}</ref> Mauderer has also argued that central banks need to address climate change because it poses risks to [[financial stability]],<ref>{{Cite web|last=Pandey|first=Ashutosh|date=19 June 2019|title=Climate change: Myopic stock markets deter green investments|url=https://www.dw.com/en/climate-change-myopic-stock-markets-deter-green-investments/a-49248966|access-date=|website=|publisher=Deutsche Welle|language=}}</ref><ref>{{Cite news |last=Hartman |first=Adam |date=11 September 2023 |title=Bankers and politicians urged to jointly address climate change impacts |work=The Namibian; Windhoek West. |via=[[Proquest]]}}</ref> and she sees central banks as catalysts to make the financial system greener.<ref>{{Cite web|last=Breinich-Schilly|first=Angelika|date=21 April 2021|title=Green Finance braucht durchdachte Klimapolitik|url=https://www.springerprofessional.de/nachhaltige-geldanlagen/emerging-markets/zentralbank-ist-kein-ersatz-fuer-fehlende-klimapolitik/19064254|access-date=|website=|publisher=Springer Professional|language=}}</ref><ref>{{Cite web |last=Müller |first=Eva |date=9 January 2023 |title=Welche Frauen die Billionen für den Ökoumbau organisieren |url=https://www.manager-magazin.de/finanzen/klimawandel-welche-finanz-frauen-aktiv-gegen-die-klimakrise-kaempfen-a-600c389a-6a7e-4279-8506-8f42872a7024 |access-date= |website=www.manager-magazin.de |language=}}</ref> Mauderer oversaw several reports of the [[Network for Greening the Financial System]] that mapped out options for central banks to adjust their monetary policy to tackle climate change.<ref>{{Cite news|last=Arnold|first=Martin|date=24 March 2021|title=Top central banks identify nine ways to make their policies greener|work=Financial Times|url=https://www.ft.com/content/23fe7217-9b65-4bd3-aa75-768a1ee6c4d3|access-date=}}</ref><ref>{{Cite news |last=Randow |first=Jana |date=24 March 2021 |title=Central Bankers Weigh Using Monetary Policy in Climate Fight |language= |work=Bloomberg |url=https://www.bloomberg.com/news/articles/2021-03-24/central-bankers-weigh-using-monetary-policy-in-climate-fight |access-date=}}</ref>


⚫
==Other activities==
Mauderer studied Law at [[Osnabrück University|Osnabrueck University]] and the [[University of Seville]], graduating in 1998. In 2000, she earned a PhD in Law from Osnabrueck University. In 2009, Mauderer obtained an Executive MBA from [[ESSEC Business School]] and [[Mannheim Business School]]. Mauderer started her career in 2000 as legal trainee at the Higher Regional Court of Hamburg. From 2003 until 2006, she worked at the German [[Federal Ministry of Finance (Germany)|Federal Ministry of Finance]] on financial markets. From 2004 to 2005, Mauderer was seconded to the [[Embassy of Germany, Washington, D.C.|German Embassy in Washington, D.C]]. as senior counsellor. In 2006, Mauderer joined the KfW Banking Group where she held several senior positions. In 2018, she was appointed to the Executive Board of the Deutsche Bundesbank where she is in charge of market operations and human resources.<ref>{{Cite web|title=Dr Sabine Mauderer Curriculum Vitae|url=https://www.bundesbank.de/en/bundesbank/organisation/executive-board/sabine-mauderer/curriculum-vitae-758366|url-status=live|access-date=|website=|publisher=Deutsche Bundesbank|language=}}</ref>
* German Federal Environmental Foundation (DBU), Member of the Board of Trustees (since 2024)<ref>[https://www.bmuv.de/pressemitteilung/steffi-lemke-beruft-neue-mitglieder-in-das-kuratorium-der-deutschen-bundesstiftung-umwelt Steffi Lemke beruft neue Mitglieder in das Kuratorium der Deutschen Bundesstiftung Umwelt] [[Federal Ministry for the Environment, Nature Conservation, Nuclear Safety and Consumer Protection]], press release of 12 June 2024.</ref>


⚫
== References ==
== Work at the Bundesbank (since 2018) ==
⚫
{{reflist}}


{{Authority control}}
Mauderer is responsible for the implementation of the Eurosystem’s [[monetary policy]] in Germany by the Deutsche Bundesbank. This includes main and longer-term refinancing operations whereby banks are provided with liquidity as well as conducting the Eurosystem’s asset purchase programmes.<ref>{{Cite web|title=Monetary policy framework|url=https://www.bundesbank.de/en/tasks/monetary-policy/monetary-policy-framework/monetary-policy-framework-625964|url-status=live|access-date=|website=|publisher=Deutsche Bundesbank|language=}}</ref>


{{DEFAULTSORT:Mauderer, Sabine}}
=== ''Capital markets'' ===
[[Category:Living people]]


[[Category:1970 births]]

[[Category:Osnabrück University alumni]]
Mauderer is a member of the Stock Exchange Experts Commission (''Börsensachverständigenkommission''), an advisory body that counsels the Federal Ministry of Finance on capital market issues. She has taken the view that the [[Capital market|capital markets]] hold great potential for contributing to addressing societal challenges such as the [[Digital transformation|digital]] and [[Climate change|ecological]] transition. Mauderer has argued that these challenges will entail fundamental transformations to economies and societies worldwide. Meeting these challenges will require great financial efforts from both the public and the private sector.<ref>{{Cite web|last=Mauderer|first=Sabine|title=Alterssicherung nach Corona: Probleme ungelöst – Spielräume eingeengt|url=https://www.bundesbank.de/de/presse/reden/alterssicherung-nach-corona-probleme-ungeloest-spielraeume-eingeengt-874866|url-status=live|access-date=|website=|publisher=Deutsche Bundesbank|language=|type=Speech at Wirtschaftstag 2021, Berlin, 31 August 2021}}</ref><ref>{{Cite web|last=Hoyer|first=Werner|last2=Mauderer|first2=Sabine|date=|title=Post-Communist Lessons for the Green Transition {{!}} by Werner Hoyer & Sabine Mauderer|url=https://www.project-syndicate.org/commentary/eu-green-transition-lessons-from-post-communist-1990s-by-werner-hoyer-and-sabine-mauderer-2021-06|url-status=live|access-date=|website=Project Syndicate|language=}}</ref> In this context, Mauderer has made the case for more openness in Germany and Europe towards capital markets.<ref>{{Cite web|last=Mauderer|first=Sabine|title=Enterprises should further diversify their funding|url=https://www.bundesbank.de/en/press/contributions/mauderer-enterprises-should-further-diversify-their-funding-845136|url-status=live|access-date=|website=|publisher=Op-ed published in Handelsblatt, 23 September 2020|language=}}</ref> More openness towards capital markets investment could help deepen capital markets in Germany and Europe. Deeper capital markets in turn are better positioned to fund innovative technologies that are necessary to drive forward the digital and sustainable transformation.<ref>{{Cite web|last=Mauderer|first=Sabine|title=Europe needs to embrace a fresh investment culture|url=https://www.bundesbank.de/en/press/contributions/europe-needs-to-embrace-a-fresh-investment-culture-793022|url-status=live|access-date=|website=|publisher=Op-ed published in Handelsblatt, 19 April 2021|language=}}</ref> In this context, Mauderer has also stressed the importance of a fully-fledged [[Capital Markets Union|European capital markets union]].<ref>{{Cite web|last=Mauderer|first=Sabine|title=Enterprises should further diversify their funding|url=https://www.bundesbank.de/en/press/contributions/mauderer-enterprises-should-further-diversify-their-funding-845136|url-status=live|access-date=|website=|publisher=Op-ed published in Handelsblatt, 23 September 2020|language=}}</ref>
[[Category:University of Seville alumni]]

[[Category:Women bankers]]
=== ''Climate change and central banks'' ===
[[Category:Women in finance]]

[[Category:Deutsche Bank people]]

Sabine Mauderer has argued that [[climate change]] poses financial risks to the [[financial system]] and thus affects the work of central banks. Therefore, central banks need to address climate-related risks, taking a risk-based-approach.<ref>{{Cite web|last=Mauderer|first=Sabine|last2=Goulard|first2=Sylvie|title=Setting a good example – central banks put climate change and its impact higher on the agenda|url=https://www.bundesbank.de/en/press/contributions/setting-a-good-example-central-banks-put-climate-change-and-its-impact-higher-on-the-agenda-800872|url-status=live|access-date=|website=|publisher=Op-ed published in Süddeutsche Zeitung and Les Echos, 8 July 2019|language=}}</ref> She views central banks as catalysts and analytical spearhead that raise the urgency to act.<ref>{{Cite news|last=Mauderer|first=Sabine|date=|title=Central banks have a part to play in the fight against climate change|work=Financial Times, 27 February 2020|url=https://www.ft.com/content/5b32bef0-57bb-11ea-abe5-8e03987b7b20|access-date=}}</ref> Mauderer is member of the steering committee of the Network for Greening the Financial System. She also chairs the network’s workstream on scaling up green finance. The workstream looks at how central banks can support the scaling up of green finance. The NGFS has published several reports that analyse the impact of climate change on monetary policy<ref>{{Cite web|last=|date=|title=Climate change and monetary policy: initial takeaways|url=https://www.ngfs.net/en/climate-change-and-monetary-policy-initial-takeaways|url-status=live|access-date=|website=|publisher=Network for Greening the Financial System|language=}}</ref> and that lay out options for central banks to adjust their monetary policy frameworks.<ref>{{Cite web|date=|title=Adapting central bank operations to a hotter world: Reviewing some options|url=https://www.ngfs.net/en/adapting-central-bank-operations-hotter-world-reviewing-some-options|url-status=live|access-date=|website=|publisher=Network for Greening the Financial System|language=}}</ref> Mauderer has taken the view that the lack of granular and consistent climate-related data is a major obstacle to targeted action. She has called for the creation of a “sustainable finance data universe”.<ref>{{Cite web|last=Mauderer|first=Sabine|title=Welcome remarks at the International Conference on Statistics for Sustainable Finance|url=https://www.bundesbank.de/en/press/speeches/welcome-remarks-at-the-international-conference-on-statistics-for-sustainable-finance-875412|url-status=live|access-date=|website=|publisher=Deutsche Bundesbank|language=}}</ref> In this context, Mauderer has also emphasised the importance of making progress on establishing common standards for the disclosure of climate-related information by companies and financial institutions as well as central banks.<ref>{{Cite news|last=Mauderer|first=Sabine|date=|title=Central banks have a part to play in the fight against climate change|work=Financial Times, 27 February 2020|url=https://www.ft.com/content/5b32bef0-57bb-11ea-abe5-8e03987b7b20|access-date=}}</ref>

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== Other activities (selection) ==
Stock Exchange Experts Commission of the Federal Ministry of Finance (Member)

Steering Committee of the Central banks and Supervisors Network for Greening the Financial System (NGFS) (Member)

Leibniz Institute for Financial Research SAFE (Member of the Board of Trustees)

Deutsche Welthungerhilfe (Member of the Board of Trustees)

European Climate Foundation (Member of the Advisory Council)<ref>{{Cite web|title=Dr Sabine Mauderer Curriculum Vitae|url=https://www.bundesbank.de/en/bundesbank/organisation/executive-board/sabine-mauderer/curriculum-vitae-758366|url-status=live|access-date=|website=|publisher=Deutsche Bundesbank|language=}}</ref>
----

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== References ==
<!-- Inline citations added to your article will automatically display here. See en.wikipedia.org/wiki/WP:REFB for instructions on how to add citations. -->
⚫
{{reflist}}

Latest revision as of 07:10, 23 July 2024

Sabine Mauderer - Member of the Executive Board of the Deutsche Bundesbank

Sabine Mauderer is a member of the executive board of Deutsche Bundesbank and she is known for her work in encouraging banks to consider the impact of climate change on banks. She has also worked at the KfW Banking Group.

Education and early career

[edit]

Mauderer was born in Schleswig-Holstein[1] in 1970.[2] Mauderer studied Law at Osnabrueck University and the University of Seville, graduating in 1998. In 2000, she earned a PhD in Law from Osnabrueck University. In 2009, Mauderer obtained an Executive MBA from ESSEC Business School and Mannheim Business School.[2][3] From 2003 until 2006, she worked at the German Federal Ministry of Finance on financial markets.[4] From 2004 to 2005, Mauderer was seconded to the German Embassy in Washington, D.C. In 2006, Mauderer joined the KfW Banking Group where she held several senior positions. In 2018, she was appointed to the Executive Board of the Deutsche Bundesbank.[5][6] In January 2022, she was appointed Vice-Chair of the Network for Greening the Financial System.[7]

Work

[edit]

Mauderer is responsible for the implementation of the European Central Bank’s monetary policy in Germany by Deutsche Bundesbank.[4] She believes that capital markets play an important role in financing the sustainable and digital transformation of the economy in Germany and Europe.[8] Mauderer has argued that public-private partnerships can be a feasible way to mobilise funds for the transition.[9] Mauderer has also made the case for more openness of businesses in Germany and supports a European capital markets union.[10] Mauderer has also argued that central banks need to address climate change because it poses risks to financial stability,[11][12] and she sees central banks as catalysts to make the financial system greener.[13][14] Mauderer oversaw several reports of the Network for Greening the Financial System that mapped out options for central banks to adjust their monetary policy to tackle climate change.[15][16]

Other activities

[edit]
  • German Federal Environmental Foundation (DBU), Member of the Board of Trustees (since 2024)[17]

References

[edit]
  1. ^ Ettel, Anja (26 July 2018). "Eine Frau fur den Vorstand der Bundesbank". Die Welt, Ausgabe Berlin; Berlin. p. 10 – via Proquest.
  2. ^ a b "Dr Sabine Mauderer Curriculum Vitae". Deutsche Bundesbank.
  3. ^ "Dr Sabine Mauderer Curriculum Vitae". Deutsche Bundesbank.
  4. ^ a b Mannweiler, Antonia; Schönauer, Inken (28 March 2020). "Eine Bundesbankerin im Krisenmodus". Frankfurter Allgemeine Zeitung. p. 26.
  5. ^ "KfW-Juristin Sabine Mauderer soll in den Bundesbank-Vorstand". Frankfurter Allgemeine Zeitung (in German). 26 July 2018 – via Proquest.
  6. ^ "Bundesbank-Vorstand: Olaf Scholz schlägt Sabine Mauderer vor". Der Spiegel. 25 July 2018.
  7. ^ ""Wir müssen umsteuern": Bundesbank-Vorstand Sabine Mauderer über die finanziellen Gefahren des Klimawandels, die Probleme von Nachhaltigkeits-Labels und ihre Unlust am Dienstwagen". Frankfurter Allgemeine Zeitung (online), Frankfurt. July 1, 2022 – via Proquest.
  8. ^ Neubacher, Bernd (1 October 2021). "Bundesbank erwärmt sich für Verbriefungen | Börsen-Zeitung". Börsen-Zeitung.
  9. ^ Breinich-Schilly, Angelika (21 April 2021). "Green Finance braucht durchdachte Klimapolitik". Springer Professional.
  10. ^ Sleegers, Anna (19 November 2019). "Mauderer wünscht sich mehr Vertrauen in Europa | Börsen-Zeitung". Börsen-Zeitung.
  11. ^ Pandey, Ashutosh (19 June 2019). "Climate change: Myopic stock markets deter green investments". Deutsche Welle.
  12. ^ Hartman, Adam (11 September 2023). "Bankers and politicians urged to jointly address climate change impacts". The Namibian; Windhoek West. – via Proquest.
  13. ^ Breinich-Schilly, Angelika (21 April 2021). "Green Finance braucht durchdachte Klimapolitik". Springer Professional.
  14. ^ Müller, Eva (9 January 2023). "Welche Frauen die Billionen für den Ökoumbau organisieren". www.manager-magazin.de.
  15. ^ Arnold, Martin (24 March 2021). "Top central banks identify nine ways to make their policies greener". Financial Times.
  16. ^ Randow, Jana (24 March 2021). "Central Bankers Weigh Using Monetary Policy in Climate Fight". Bloomberg.
  17. ^ Steffi Lemke beruft neue Mitglieder in das Kuratorium der Deutschen Bundesstiftung Umwelt Federal Ministry for the Environment, Nature Conservation, Nuclear Safety and Consumer Protection, press release of 12 June 2024.
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