Here you can download the annual FIRM yearbook (PDF).
FIRM Yearbook 2018
Once again we report in our yearbook 2018 on our work at the Frankfurt Institute for Risk Management and Regulation. In this edition you will also find a wide range of expert articles by respected authors from the colourful world of risk management and regulation.
Filesize: 17.13 MB
FIRM Jahrbuch 2017
Auch in der aktuellen Ausgabe berichten wir über unsere Arbeit im Frankfurter Institut für Risikomanagement und Regulierung. An der bewährten Zweiteilung in einen internen und fachlichen Teil haben wir festgehalten. Daher finden Sie auch in dieser Ausgabe ein breites Spektrum von Fachbeiträgen aus der Welt des Risikomanagements und der Regulierung.
Wir danken den Lesern der gedruckten Ausgabe sowie der elektronischen Version für das positive Feedback zur grafischen Modernisierung des Jahrbuchs. Im Sinne „Lerne immer Neues, aber vergiss das Bewährte nicht“ haben wir am Layout festgehalten.
Inhaltlich präsentiert auch das Jahrbuch 2017 die bunte Vielfalt und Themen aus der Welt des Risikomanagements und der Regulierung.
Filesize: 23.31 MB
FIRM Yearbook 2016
Once again we report in our yearbook 2016 on our work at the Frankfurt Institute for Risk Management and Regulation. In this edition you will also find a wide range of expert articles by respected authors from the colourful world of risk management and regulation.
Filesize: 15.04 MB
FIRM Yearbook 2017
Once again we report in our yearbook 2017 on our work at the Frankfurt Institute for Risk Management and Regulation. In this edition you will also find a wide range of expert articles by respected authors from the colourful world of risk management and regulation.
Filesize: 23.31 MB
FIRM Yearbook 2014
As in every year since the financial market crisis began, 2013 was a
year of significant events. With Basel III now being put into place in the
U.S. and in the European Union (CRR/CRD IV package: Single Rule
Book for EU Banking Regulation), this risk-sensitive approach will in
future require banks around the world to fulfil more stringent criteria
for core capital and for liquidity and leverage ratios. In addition, the
first steps have been taken, with agreement on the Single Supervisory
Mechanism (SSM) for uniform banking supervision under the aegis of
the ECB, to establish a banking union among the countries of the eurozone;
following completion of asset quality reviews and stress tests, the
ECB will on 4 November 2014 assume direct supervisory responsibility
for the eurozone’s 130 or so largest banking institutions, constituting
some 85 per cent of all bank assets, while also watching over the national
authorities in the 18 eurozone countries as they supervise the roughly
6,000 smaller banks which remain. In case of future situations requiring
the recapitalisation or resolution of banks, the groundwork is likewise
being put into place for a Single Resolution Mechanism (SRM). The
Solvency Regulation (Solvabilitätsverordnung), through which Basel
II was introduced in Germany at the start of 2007, quietly faded out
of existence at the close of 2013. In its place, the German edition of
the “single rule book” has entered into force starting 1 January 2014
through a major recast of the German Banking Act (Kreditwesengesetz,
KWG). The environmental conditions for the financial industry have
been changing so rapidly, and in so many dimensions, that universities
and research institutes have barely been able to keep up. Rigorous academic
research on causes, effects and interrelationships are particularly
important right now so that public policy and banking regulations do
not induce undesired changes and so that their consequences can be
properly taken into account.
Filesize: 3.38 MB
FIRM Yearbook 2013
The regulatory initiatives which, over recent months, have been proposed and debated, torpedoed, squashed or otherwise beaten to death, delayed, taken up again and even (at least partly) moved forward into implementation have become so numerous and varied that gaining a broad grasp of their implications is no easy task. As to whether these far-reaching (and to some extent contradictory) schemes would, in fact, actually help to avoid major disruptions within the financial sector far into the future, one may well have serious doubts. With the old (but still very true) saying in mind that “regulation means preventing the last crisis”, one may well ask whether the effectiveness and efficiency of the regulatory approaches conceived to prevent future banking crises primarily in response to the Lehman bankruptcy can still provide any assurance of doing so against the backdrop of a very different kind of crisis, namely a sovereign debt crisis.
Filesize: 4.04 MB