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Whitepaper

Künstliche Intelligenz

By Dr. Jochen Papenbrock, Dr. Sebastian Fritz-Morgenthal, Philipp Adamidis

Im Positionspapier “Herausforderungen und Chancen für das Modellrisikomanagement” beschreiben die Autoren Sebastian Fritz-Morgenthal, Philipp Adamidis und Jochen Papenbrock, warum die Nutzung von Künstlicher Intelligenz (KI) in Banken eine Vielzahl von Vorteilen verspricht – von der Effizienzsteigerung bis hin zur Verbesserung der Entscheidungsfindung. Gleichzeitig bringt der verstärkte Einsatz von KI-Modellen neue Herausforderungen mit sich, insbesondere im Bereich des Modellrisikomanagements.

Bisher verfolgte Strategien bedürfen einer fundamentalen Überarbeitung. Das Positionspapier beleuchtet die regulatorischen Anforderungen und Regularien der Europäischen Bankenaufsichtsbehörde (EBA), der Europäischen Zentralbank (EZB), der Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) sowie des EU AI Act. Es zeigt zudem auf, wie sich der erweiterte Einsatz von KI auf das Modellrisiko auswirkt und welche Herausforderungen aber auch insbesondere Chancen dies für das Modellrisikomanagement von Banken darstellt.

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ESG – Climate risks

By Dr. Til Bünder, Nicholas Martin

How the climate and energy policies of the EU and the USA affect the economy

The current position paper of the FIRM Round Table ESG examines the climate policy measures of the European Union (EU) and the United States (US) in terms of their impact on economic performance.

The authors Dr. Til Bünder and Nicholas Martin explain how the significantly more ambitious regulations in the EU will affect various economic levels, where opportunities will arise and what risks need to be considered. A comparison of the EU and US climate and energy policies shows that the US is becoming more attractive due to its direct and simple approach to promoting green investments. The EU, on the other hand, is jeopardizing its leading position in the field of green innovation and investment due to its more complex regulation and the fragmentation of financing mechanisms. It is therefore crucial that the EU continues to develop its political framework conditions in such a way that climate targets are achieved and its economic competitiveness is secured at the same time.

Download PDF

Asset Management

Navigating the Future: DLT and Digital Assets
in the Evolving Realm of Asset Management

Emerging technologies such as digital ledger technology (DLT) are revolutionizing numerous industries, including the asset management sector. This white paper analyzes the latest advances in the application of these technologies in asset management and provides an outlook on the digital transformation in the coming years.

The wealth management industry is increasingly using digital assets and DLT to diversify its offering and improve operational efficiency. Institutional interest in digital assets in particular is on the rise, putting them in the spotlight for various investment strategies. The commitment of industry giants such as Goldman Sachs and BlackRock underlines the importance of this trend.

This white paper examines the integration of DLT into asset management, describing the benefits as well as the potential risks. Recommendations for a successful introduction are also given. It shows how DLT can rationalize processes, reduce costs and create transparency within asset management processes, in research, trade processing and risk management.

The paper addresses key areas such as tokenization, trade settlement, risk management and the possibilities of decentralized finance (DeFi). A case study by Bankhaus Metzler on the issue and trading of native crypto fund shares under German law will also be shown. The authors provide an outlook on the impact of the integration of DLT and digital assets on the asset management industry.

Authors: Dr. Christoph Wronka, Jens Hermann Paulsen, Lars Ulbricht (all Deloitte) as well as Hendrik König and Shahrok Shedari (both Bankhaus Metzler)

Download PDF

Payments

Risk management and operational
resilience in payment transactions

The importance of electronic payments has increased rapidly in recent years. The reasons for this are technological innovations, advancing digitalization and modernization of the market infrastructure. For banks, the processing of account and card payment transactions therefore represents a core value chain and an important business segment.

The position paper highlights the challenges that banks currently face in payment traffic. To this end, the Round Table conducted a survey among FIRM member institutions, surveyed the status quo, and developed important internal and external recommendations for action.

Authors: Dr. Markus Ampenberger (BCG), Prof. Dr. Tobias Berg (Goethe University), Daniel Regending (Deutsche Bank)

Download PDF

Macroeconomics

Bracing for Impact: Analysis of the
Current
State of the Banking Industry

Uncertainty remains high following the recent bank failures of Silicon Valley Bank, Signature Bank and Credit Suisse. Is there a danger of a renewed crisis? The risk should not be underestimated, write the authors of the current FIRM position paper. According to their assessment, however, the banks are better prepared than in the financial crisis of 2007/2008.

FIRM CEO Gerold Grasshoff, together with co-author Dr. Til Bünder (BCG), has spent the last few months intensively studying the developments on the
Banking market busy. “You have to go way back to understand the context in which current developments are taking place,” Grasshoff explains. The banking sector has been fed with cheap money over the past 15 years, through low interest rates over a very long period and through quantitative easing.

Authors: Gerold Grasshoff (FIRM) and Dr. Til Bünder (BCG)

Download PDF

Whitepaper

Künstliche Intelligenz

By Dr. Jochen Papenbrock, Dr. Sebastian Fritz-Morgenthal, Philipp Adamidis

Im Positionspapier “Herausforderungen und Chancen für das Modellrisikomanagement” beschreiben die Autoren Sebastian Fritz-Morgenthal, Philipp Adamidis und Jochen Papenbrock, warum die Nutzung von Künstlicher Intelligenz (KI) in Banken eine Vielzahl von Vorteilen verspricht – von der Effizienzsteigerung bis hin zur Verbesserung der Entscheidungsfindung. Gleichzeitig bringt der verstärkte Einsatz von KI-Modellen neue Herausforderungen mit sich, insbesondere im Bereich des Modellrisikomanagements.

Bisher verfolgte Strategien bedürfen einer fundamentalen Überarbeitung. Das Positionspapier beleuchtet die regulatorischen Anforderungen und Regularien der Europäischen Bankenaufsichtsbehörde (EBA), der Europäischen Zentralbank (EZB), der Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) sowie des EU AI Act. Es zeigt zudem auf, wie sich der erweiterte Einsatz von KI auf das Modellrisiko auswirkt und welche Herausforderungen aber auch insbesondere Chancen dies für das Modellrisikomanagement von Banken darstellt.

Download

ESG – Climate risks

By Dr. Til Bünder, Nicholas Martin

How the climate and energy policies of the EU and the USA affect the economy

The current position paper of the FIRM Round Table ESG examines the climate policy measures of the European Union (EU) and the United States (US) in terms of their impact on economic performance.

The authors Dr. Til Bünder and Nicholas Martin explain how the significantly more ambitious regulations in the EU will affect various economic levels, where opportunities will arise and what risks need to be considered. A comparison of the EU and US climate and energy policies shows that the US is becoming more attractive due to its direct and simple approach to promoting green investments. The EU, on the other hand, is jeopardizing its leading position in the field of green innovation and investment due to its more complex regulation and the fragmentation of financing mechanisms. It is therefore crucial that the EU continues to develop its political framework conditions in such a way that climate targets are achieved and its economic competitiveness is secured at the same time.

Download PDF

Asset Management

Navigating the Future: DLT and Digital Assets
in the Evolving Realm of Asset Management

Emerging technologies such as digital ledger technology (DLT) are revolutionizing numerous industries, including the asset management sector. This white paper analyzes the latest advances in the application of these technologies in asset management and provides an outlook on the digital transformation in the coming years.

The wealth management industry is increasingly using digital assets and DLT to diversify its offering and improve operational efficiency. Institutional interest in digital assets in particular is on the rise, putting them in the spotlight for various investment strategies. The commitment of industry giants such as Goldman Sachs and BlackRock underlines the importance of this trend.

This white paper examines the integration of DLT into asset management, describing the benefits as well as the potential risks. Recommendations for a successful introduction are also given. It shows how DLT can rationalize processes, reduce costs and create transparency within asset management processes, in research, trade processing and risk management.

The paper addresses key areas such as tokenization, trade settlement, risk management and the possibilities of decentralized finance (DeFi). A case study by Bankhaus Metzler on the issue and trading of native crypto fund shares under German law will also be shown. The authors provide an outlook on the impact of the integration of DLT and digital assets on the asset management industry.

Authors: Dr. Christoph Wronka, Jens Hermann Paulsen, Lars Ulbricht (all Deloitte) as well as Hendrik König and Shahrok Shedari (both Bankhaus Metzler)

Download PDF

Payments

Risk management and operational
resilience in payment transactions

The importance of electronic payments has increased rapidly in recent years. The reasons for this are technological innovations, advancing digitalization and modernization of the market infrastructure. For banks, the processing of account and card payment transactions therefore represents a core value chain and an important business segment.

The position paper highlights the challenges that banks currently face in payment traffic. To this end, the Round Table conducted a survey among FIRM member institutions, surveyed the status quo, and developed important internal and external recommendations for action.

Authors: Dr. Markus Ampenberger (BCG), Prof. Dr. Tobias Berg (Goethe University), Daniel Regending (Deutsche Bank)

Download PDF

Macroeconomics

Bracing for Impact: Analysis of the
Current
State of the Banking Industry

Uncertainty remains high following the recent bank failures of Silicon Valley Bank, Signature Bank and Credit Suisse. Is there a danger of a renewed crisis? The risk should not be underestimated, write the authors of the current FIRM position paper. According to their assessment, however, the banks are better prepared than in the financial crisis of 2007/2008.

FIRM CEO Gerold Grasshoff, together with co-author Dr. Til Bünder (BCG), has spent the last few months intensively studying the developments on the
Banking market busy. “You have to go way back to understand the context in which current developments are taking place,” Grasshoff explains. The banking sector has been fed with cheap money over the past 15 years, through low interest rates over a very long period and through quantitative easing.

Authors: Gerold Grasshoff (FIRM) and Dr. Til Bünder (BCG)

Download PDF

Whitepaper

Künstliche Intelligenz

By Dr. Jochen Papenbrock, Dr. Sebastian Fritz-Morgenthal, Philipp Adamidis

Im Positionspapier “Herausforderungen und Chancen für das Modellrisikomanagement” beschreiben die Autoren Sebastian Fritz-Morgenthal, Philipp Adamidis und Jochen Papenbrock, warum die Nutzung von Künstlicher Intelligenz (KI) in Banken eine Vielzahl von Vorteilen verspricht – von der Effizienzsteigerung bis hin zur Verbesserung der Entscheidungsfindung. Gleichzeitig bringt der verstärkte Einsatz von KI-Modellen neue Herausforderungen mit sich, insbesondere im Bereich des Modellrisikomanagements.

Bisher verfolgte Strategien bedürfen einer fundamentalen Überarbeitung. Das Positionspapier beleuchtet die regulatorischen Anforderungen und Regularien der Europäischen Bankenaufsichtsbehörde (EBA), der Europäischen Zentralbank (EZB), der Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) sowie des EU AI Act. Es zeigt zudem auf, wie sich der erweiterte Einsatz von KI auf das Modellrisiko auswirkt und welche Herausforderungen aber auch insbesondere Chancen dies für das Modellrisikomanagement von Banken darstellt.

Download

ESG – Climate risks

By Dr. Til Bünder, Nicholas Martin

How the climate and energy policies of the EU and the USA affect the economy

The current position paper of the FIRM Round Table ESG examines the climate policy measures of the European Union (EU) and the United States (US) in terms of their impact on economic performance.

The authors Dr. Til Bünder and Nicholas Martin explain how the significantly more ambitious regulations in the EU will affect various economic levels, where opportunities will arise and what risks need to be considered. A comparison of the EU and US climate and energy policies shows that the US is becoming more attractive due to its direct and simple approach to promoting green investments. The EU, on the other hand, is jeopardizing its leading position in the field of green innovation and investment due to its more complex regulation and the fragmentation of financing mechanisms. It is therefore crucial that the EU continues to develop its political framework conditions in such a way that climate targets are achieved and its economic competitiveness is secured at the same time.

Download PDF

Asset Management

Navigating the Future: DLT and Digital Assets
in the Evolving Realm of Asset Management

Emerging technologies such as digital ledger technology (DLT) are revolutionizing numerous industries, including the asset management sector. This white paper analyzes the latest advances in the application of these technologies in asset management and provides an outlook on the digital transformation in the coming years.

The wealth management industry is increasingly using digital assets and DLT to diversify its offering and improve operational efficiency. Institutional interest in digital assets in particular is on the rise, putting them in the spotlight for various investment strategies. The commitment of industry giants such as Goldman Sachs and BlackRock underlines the importance of this trend.

This white paper examines the integration of DLT into asset management, describing the benefits as well as the potential risks. Recommendations for a successful introduction are also given. It shows how DLT can rationalize processes, reduce costs and create transparency within asset management processes, in research, trade processing and risk management.

The paper addresses key areas such as tokenization, trade settlement, risk management and the possibilities of decentralized finance (DeFi). A case study by Bankhaus Metzler on the issue and trading of native crypto fund shares under German law will also be shown. The authors provide an outlook on the impact of the integration of DLT and digital assets on the asset management industry.

Authors: Dr. Christoph Wronka, Jens Hermann Paulsen, Lars Ulbricht (all Deloitte) as well as Hendrik König and Shahrok Shedari (both Bankhaus Metzler)

Download PDF

Payments

Risk management and operational
resilience in payment transactions

The importance of electronic payments has increased rapidly in recent years. The reasons for this are technological innovations, advancing digitalization and modernization of the market infrastructure. For banks, the processing of account and card payment transactions therefore represents a core value chain and an important business segment.

The position paper highlights the challenges that banks currently face in payment traffic. To this end, the Round Table conducted a survey among FIRM member institutions, surveyed the status quo, and developed important internal and external recommendations for action.

Authors: Dr. Markus Ampenberger (BCG), Prof. Dr. Tobias Berg (Goethe University), Daniel Regending (Deutsche Bank)

Download PDF

Macroeconomics

Bracing for Impact: Analysis of the
Current
State of the Banking Industry

Uncertainty remains high following the recent bank failures of Silicon Valley Bank, Signature Bank and Credit Suisse. Is there a danger of a renewed crisis? The risk should not be underestimated, write the authors of the current FIRM position paper. According to their assessment, however, the banks are better prepared than in the financial crisis of 2007/2008.

FIRM CEO Gerold Grasshoff, together with co-author Dr. Til Bünder (BCG), has spent the last few months intensively studying the developments on the
Banking market busy. “You have to go way back to understand the context in which current developments are taking place,” Grasshoff explains. The banking sector has been fed with cheap money over the past 15 years, through low interest rates over a very long period and through quantitative easing.

Authors: Gerold Grasshoff (FIRM) and Dr. Til Bünder (BCG)

Download PDF