solutions that can be used by all groups in society. in my view, banks and other payment service providers will remain indispensable at the customer - facing point of service. two - time nobel prize winner marie curie once said : “ i was taught that the way of progress was neither swift nor easy. ” this is also true in the area of payments. nevertheless, we, as the bundesbank, are continuing to forge ahead together with the central banks in the eurosystem – very much in keeping with our task of ensuring efficient and secure payments. footnotes : 1. https : / / www. bis. org / publ / bppdf / bispap125. pdf [ https : / / www. bis. org / publ / bppdf / bispap125. pdf ] 2. https : / / www. ecb. europa. eu / press / key / date / 2020 / html / ecb. sp200921 ~ 5a30d9013b. en. html [ https : / / www. ecb. europa. eu / press / key / date / 2020 / html / ecb. sp200921 ~ 5a30d9013b. en. html ] 3. https : / / ec. europa. eu / commission / presscorner / api / files / document / print / en / ip _ 22 _ 2764 / ip _ 22 _ 2764 _ en. pdf [ https : / / ec. europa. eu / commission / presscorner / api / files / document / print / en / ip _ 22 _ 2764 / ip _ 22 _ 2764 _ en. pdf ] ; nfc ( near field communication ) = near - field communication 4. https : / / www. consilium. europa. eu / en / press / press - releases / 2022 / 07 / 18 / dma - council - gives - finalapproval - to - new - rules - for - fair - competition - online / [ https : / / www. consilium. europa. eu / en / press / press - releases / 2022 / 07 / 18 / dma - council - gives - finalapproval - to - new - rules - for - fair - competition - online / ] 5. bundesbank, payment behaviour in germany 2021, july 2022 ; https : / / www. bundesbank. de

nils bernstein : actions taken over roskilde bank introductory statement by mr nils bernstein, governor of the national bank of denmark, at the press conference about roskilde bank, copenhagen, 27 august 2008. * * * on 10 july 2008, danmarks nationalbank decided to provide the necessary liquidity to roskilde bank, following roskilde bank's realisation that it would have to make considerably larger write - downs than initially assumed – kr. 1 billion. at the time, the management of roskilde bank assessed that the bank was still in compliance with the statutory solvency requirement and the bank's capital need as stated. the danish financial supervisory authority found no reason to reject the bank's assessment. a condition of danmarks nationalbank's liquidity guarantee was that the management of roskilde bank would continue its efforts to divest all or parts of roskilde bank. against this background, from 15 july 2008 to the deadline on 22 august, danske markets was in charge of a sales process during which a number of interested banks scrutinised roskilde bank and its exposures very closely. at the expiry of the deadline the unfortunate outcome was that no banks would submit an offer for either all or parts of roskilde bank. according to danske markets, one explanation was that the potential buyers had discovered that the quality of the bank's credit exposures was subject to great uncertainty. as a result, no one ventured to give an estimate of the value of roskilde bank's assets. at the same time, in connection with preparation of the interim report, roskilde bank's auditors discovered write - downs of at least kr. 1 billion more than the amount notified to danmarks nationalbank on 10 july. consequently, the bank no longer complied with the statutory solvency requirement. also on friday, 22 august, the auditors notified the danish financial supervisory authority accordingly. on 24 august, the danish financial supervisory authority set a deadline for roskilde bank – 29 august 2008 at 4 : 00 pm – for returning to compliance with the solvency requirement and the bank's individual capital need. this is a rough sketch of the situation we faced in the late afternoon on friday, 22 august. danmarks nationalbank regards this situation as very serious. we find that the circumstances of roskilde bank now pose a considerable threat to financial stability in denmark. an important factor in this context is