Perceived uncertainty has rarely been as high as it is today. That’s according to FIRM CEO Gerold Grasshoff in an interview with Börsen-Zeitung.
Geopolitics, technological upheavals—particularly those caused by AI—and the question of the competitiveness of entire economies are currently shaping the risk environment in the financial industry.
In the attached article, Grasshoff classifies the most important developments: from the long-term consequences of the “America First” policy to the risks of expansionary fiscal policy to new requirements for stress tests and AI governance.
At the FIRM Spring Conference on February 25, 2026 in Frankfurt, we will present the priorities FIRM has set for 2026 and how these will be explored in greater depth in our round tables and working groups.