Professional Articles
ESG-Risikomanagement im Wandel?
By Markus Quick, KPMG AG WPG Frankfurt, Armina Schädle, Dr. Holger Spielberg, Dr. Clemens Wieck
Die Finanzwelt durchläuft einen tiefgreifenden Wandel: Umweltprobleme, gesellschaftliche Erwartungen und geopolitische Instabilität erhöhen den Druck auf Banken. Die miteinander verknüpften Herausforderungen gefährden die langfristige Stabilität von Finanzinstituten. Gleichzeitig verschärfen sich die externen Anforderungen – etwa durch das Omnibus-Paket und neue EBA-Guidelines. ESG-Risikomanagement ist damit nicht mehr nur strategisch relevant, sondern eine klare aufsichtsrechtliche Erwartung.
Einsatz von Künstlicher Intelligenz im Risikocontrolling
By Andreas Scheurer, Michael Droßel
Im Zuge der fortschreitenden Digitalisierung und des stetig wachsenden Einflusses moderner Technologien auf die Finanzbranche rückt der Einsatz von Künstlicher Intelligenz (KI) zunehmend in den Mittelpunkt strategischer Überlegungen. Neben großen Potenzialen bringt KI aber auch neue Herausforderungen mit sich. Eine Expertenbefragung der TeilnehmerInnen des FIRM-Arbeitskreises Banking Risk Round Table soll vor diesem Hintergrund Aufschluss darüber geben: Wie ist der Stand der praktischen Umsetzung von KI im Risikocontrolling? Wie tief ist KI bereits in der Strategie der Institute verwurzelt? Und welche Chancen und Herausforderungen sehen die BranchenexpertInnen bei der Implementierung und Nutzung von KI?
The big picture: Controlling the NFR Puzzle
By Sonia Dribek-Pfleger, Dr. Lorenz Schendel
While the individual frameworks of Non-Financial-Risks (NFR) are becoming more detailed and comprehensive with increasing regulatory requirements (e.g. DORA), current challenges (pandemic, cyber, AI, geopolitical crises) and increasing team size and decentralisation of risk management activities, the overall view of non-financial risks is increasingly suffering. In this article, we present both pragmatic approaches for initial steps and a long-term target picture for the holistic management of non-financial risks, with the aim of creating consistency between the various NFR data, making the NFR risk profile transparent and achieving efficient risk management by focusing on the material risks.
Regulatory Ambiguity and Credit Risk Requirements for Implementing EU Final Basel III Rules
By Joo-Yung Lee, Jan Schimmel
Last year we discussed the changes to the standardised approach (SA) for calculating risk-weighted assets (RWAs) for credit risk and its implementation challenges. All banks, including banks using the Internal Ratings Based (IRB) Approach will have to calculate the SA either as their main capital calculation or, in the case of ‘IRB banks’, in order to apply the output floor. The rules are now final in the EU with a go live date of 1 January 2025 with full implementation by end-2032 following a phase-in period. Several regulatory interpretation questions have emerged as banks are implementing these changes, some of them driven by larger banks who are focusing on the standardized approach more than they have in the past.
Consistency of interest rate risk management and IFRS hedge accounting through the future DRM model?
By Volker Liermann, Oliver Wulle
The DRM model as the future IFRS portfolio hedge accounting model is intended to resolve the long-standing tension between interest rate risk management at portfolio level and its presentation in the IFRS financial statements and overcome the weaknesses of the still relevant IAS 39 Portfolio Fair Value Hedge. Some risk managers in particular are demanding for the risk management view to be fully incorporated into the IFRS financial statements. The question therefore arises as to the extent to which a complete risk management view is possible or sensible in IFRS financial statements and how the risk management view can be adapted as far as possible in the DRM model.
Professional Articles
ESG-Risikomanagement im Wandel?
By Markus Quick, KPMG AG WPG Frankfurt, Armina Schädle, Dr. Holger Spielberg, Dr. Clemens Wieck
Die Finanzwelt durchläuft einen tiefgreifenden Wandel: Umweltprobleme, gesellschaftliche Erwartungen und geopolitische Instabilität erhöhen den Druck auf Banken. Die miteinander verknüpften Herausforderungen gefährden die langfristige Stabilität von Finanzinstituten. Gleichzeitig verschärfen sich die externen Anforderungen – etwa durch das Omnibus-Paket und neue EBA-Guidelines. ESG-Risikomanagement ist damit nicht mehr nur strategisch relevant, sondern eine klare aufsichtsrechtliche Erwartung.
Einsatz von Künstlicher Intelligenz im Risikocontrolling
By Andreas Scheurer, Michael Droßel
Im Zuge der fortschreitenden Digitalisierung und des stetig wachsenden Einflusses moderner Technologien auf die Finanzbranche rückt der Einsatz von Künstlicher Intelligenz (KI) zunehmend in den Mittelpunkt strategischer Überlegungen. Neben großen Potenzialen bringt KI aber auch neue Herausforderungen mit sich. Eine Expertenbefragung der TeilnehmerInnen des FIRM-Arbeitskreises Banking Risk Round Table soll vor diesem Hintergrund Aufschluss darüber geben: Wie ist der Stand der praktischen Umsetzung von KI im Risikocontrolling? Wie tief ist KI bereits in der Strategie der Institute verwurzelt? Und welche Chancen und Herausforderungen sehen die BranchenexpertInnen bei der Implementierung und Nutzung von KI?
The big picture: Controlling the NFR Puzzle
By Sonia Dribek-Pfleger, Dr. Lorenz Schendel
While the individual frameworks of Non-Financial-Risks (NFR) are becoming more detailed and comprehensive with increasing regulatory requirements (e.g. DORA), current challenges (pandemic, cyber, AI, geopolitical crises) and increasing team size and decentralisation of risk management activities, the overall view of non-financial risks is increasingly suffering. In this article, we present both pragmatic approaches for initial steps and a long-term target picture for the holistic management of non-financial risks, with the aim of creating consistency between the various NFR data, making the NFR risk profile transparent and achieving efficient risk management by focusing on the material risks.
Regulatory Ambiguity and Credit Risk Requirements for Implementing EU Final Basel III Rules
By Joo-Yung Lee, Jan Schimmel
Last year we discussed the changes to the standardised approach (SA) for calculating risk-weighted assets (RWAs) for credit risk and its implementation challenges. All banks, including banks using the Internal Ratings Based (IRB) Approach will have to calculate the SA either as their main capital calculation or, in the case of ‘IRB banks’, in order to apply the output floor. The rules are now final in the EU with a go live date of 1 January 2025 with full implementation by end-2032 following a phase-in period. Several regulatory interpretation questions have emerged as banks are implementing these changes, some of them driven by larger banks who are focusing on the standardized approach more than they have in the past.
Consistency of interest rate risk management and IFRS hedge accounting through the future DRM model?
By Volker Liermann, Oliver Wulle
The DRM model as the future IFRS portfolio hedge accounting model is intended to resolve the long-standing tension between interest rate risk management at portfolio level and its presentation in the IFRS financial statements and overcome the weaknesses of the still relevant IAS 39 Portfolio Fair Value Hedge. Some risk managers in particular are demanding for the risk management view to be fully incorporated into the IFRS financial statements. The question therefore arises as to the extent to which a complete risk management view is possible or sensible in IFRS financial statements and how the risk management view can be adapted as far as possible in the DRM model.
Professional Articles
ESG-Risikomanagement im Wandel?
By Markus Quick, KPMG AG WPG Frankfurt, Armina Schädle, Dr. Holger Spielberg, Dr. Clemens Wieck
Die Finanzwelt durchläuft einen tiefgreifenden Wandel: Umweltprobleme, gesellschaftliche Erwartungen und geopolitische Instabilität erhöhen den Druck auf Banken. Die miteinander verknüpften Herausforderungen gefährden die langfristige Stabilität von Finanzinstituten. Gleichzeitig verschärfen sich die externen Anforderungen – etwa durch das Omnibus-Paket und neue EBA-Guidelines. ESG-Risikomanagement ist damit nicht mehr nur strategisch relevant, sondern eine klare aufsichtsrechtliche Erwartung.
Einsatz von Künstlicher Intelligenz im Risikocontrolling
By Andreas Scheurer, Michael Droßel
Im Zuge der fortschreitenden Digitalisierung und des stetig wachsenden Einflusses moderner Technologien auf die Finanzbranche rückt der Einsatz von Künstlicher Intelligenz (KI) zunehmend in den Mittelpunkt strategischer Überlegungen. Neben großen Potenzialen bringt KI aber auch neue Herausforderungen mit sich. Eine Expertenbefragung der TeilnehmerInnen des FIRM-Arbeitskreises Banking Risk Round Table soll vor diesem Hintergrund Aufschluss darüber geben: Wie ist der Stand der praktischen Umsetzung von KI im Risikocontrolling? Wie tief ist KI bereits in der Strategie der Institute verwurzelt? Und welche Chancen und Herausforderungen sehen die BranchenexpertInnen bei der Implementierung und Nutzung von KI?
The big picture: Controlling the NFR Puzzle
By Sonia Dribek-Pfleger, Dr. Lorenz Schendel
While the individual frameworks of Non-Financial-Risks (NFR) are becoming more detailed and comprehensive with increasing regulatory requirements (e.g. DORA), current challenges (pandemic, cyber, AI, geopolitical crises) and increasing team size and decentralisation of risk management activities, the overall view of non-financial risks is increasingly suffering. In this article, we present both pragmatic approaches for initial steps and a long-term target picture for the holistic management of non-financial risks, with the aim of creating consistency between the various NFR data, making the NFR risk profile transparent and achieving efficient risk management by focusing on the material risks.
Regulatory Ambiguity and Credit Risk Requirements for Implementing EU Final Basel III Rules
By Joo-Yung Lee, Jan Schimmel
Last year we discussed the changes to the standardised approach (SA) for calculating risk-weighted assets (RWAs) for credit risk and its implementation challenges. All banks, including banks using the Internal Ratings Based (IRB) Approach will have to calculate the SA either as their main capital calculation or, in the case of ‘IRB banks’, in order to apply the output floor. The rules are now final in the EU with a go live date of 1 January 2025 with full implementation by end-2032 following a phase-in period. Several regulatory interpretation questions have emerged as banks are implementing these changes, some of them driven by larger banks who are focusing on the standardized approach more than they have in the past.
Consistency of interest rate risk management and IFRS hedge accounting through the future DRM model?
By Volker Liermann, Oliver Wulle
The DRM model as the future IFRS portfolio hedge accounting model is intended to resolve the long-standing tension between interest rate risk management at portfolio level and its presentation in the IFRS financial statements and overcome the weaknesses of the still relevant IAS 39 Portfolio Fair Value Hedge. Some risk managers in particular are demanding for the risk management view to be fully incorporated into the IFRS financial statements. The question therefore arises as to the extent to which a complete risk management view is possible or sensible in IFRS financial statements and how the risk management view can be adapted as far as possible in the DRM model.