Opinion Archives - Economy and Finance Forum

7th MaRisk Amendment: Transforming Financial Risk Management

December 8, 2024December 8, 2024 - by Admin - Leave a Comment

The 7th amendment to Germany’s Minimum Requirements for Risk Management (MaRisk) represents a transformative shift in regulatory risk practices. This article examines the amendment’s key changes, focusing on the integration of ESG (Environmental, Social, Governance) risks, updated credit risk guidelines, real estate management, and enhanced model validation requirements. It also discusses the broader implications for financial institutions in adapting to these regulations and the challenges they face.

Opinion

Revolutionizing Finance: The Pros and Cons of Artifical Intelligence (AI) on the Financial Industry -1

May 8, 2023May 15, 2023 - by Faik Akay - Leave a Comment

After making significant advancements in recent years, Artificial Intelligence (AI) is poised to become one of the most transformative technologies in modern society. The market for artificial intelligence (AI) is expected to show strong growth in the coming decade.

Opinion

Outcomes FATF Plenary, 20-21 October 2022

October 25, 2022October 25, 2022 - by Admin - Leave a Comment

The first Plenary of the FATF under the Presidency of T. Raja Kumar of Singapore concluded. Delegates from over 200 jurisdictions of the Global Network participated in these discussions at the FATF headquarters in Paris.

Opinion

BIS Report: Options for Access to and Interoperability of CBDCs for Cross-border Payments

August 16, 2022August 16, 2022 - by Admin - Leave a Comment

BIS has recently published a new report to the G20 about options for access to and interoperability of CBDCs for cross-border payments. The report presents different options for access to and interoperability of CBDC systems to facilitate cross-border payments. It assesses these options based on five criteria: do no harm, enhancing efficiency, increasing resilience, assuring coexistence and interoperability with non-CBDC systems, and enhancing financial inclusion.

Economy / Opinion

Are Human Beings a Disease?

July 25, 2022July 25, 2022 - by Admin - Leave a Comment

ince the Industrial Revolution, the wrong production policies of the enterprises, the economic interpretations of the mainstream ‘continuous growth-oriented economists’ and the insensitivity of human beings to the environment have left us facing a great disaster today. Increasing carbon emissions and pollution have created the greenhouse effect, causing global warming and climate change crisis.

Opinion

An Overview of the EU Economy Within the Framework of the European Commission Spring 2022 Economic Forecast.

June 14, 2022June 15, 2022 - by Admin - Leave a Comment

The European Commission has published its new economic forecast for EU. The hopes of economic recovery after the pandemic, which lasted for about two years, were unfortunately interrupted due to the Russian invasion of Ukraine.