Die Künstliche Intelligenz (KI) gilt als Basistechnologie des 21. Jahrhunderts und führt, wenn auch in unterschiedlichen Geschwindigkeiten, zu drastischen Veränderungen in praktisch allen Industrien. Die Finanzbranche gehört dabei zu den Industrien, welche bereits heute mit am stärksten von...

Germany has a comprehensive legislative and institutional framework for the effective supervision of the securities markets. The overall level of compliance with the IOSCO principles is high. There are significant industry concerns about the implementation costs resulting from a rapidly changing...

The Financial Sector Assessment Program (FSAP) conducted a focused review of insurance regulation and supervision in Germany. This technical note (TN) provides an update on the insurance sector and highlights risks and vulnerabilities. It analyzes four key aspects of regulatory and supervisory...

Germany's macroprudential policy framework and toolkit are well developed. The FSAP found the institutional arrangements for macroprudential policy to be mostly sound and operating well. Capacity and expertise in risk monitoring is good, thanks to the analytical power and data access of the...

Clearstream Banking Frankfurt (CBF) is a highly interconnected financial market infrastructure that provides a critical service for German financial markets and beyond. CBF is the central securities depository (CSD) in Germany providing mainly custody and settlement services, having received its...