Different Models, Different Truths: Why Credit Risk Depends on Perspective
In financial markets, disagreements are often interpreted as evidence that one side must be wrong. Yet some of the most important debates in modern finance emerge not from errors, but from fundamentally different ways of looking at the same phenomenon. The recent discussion surrounding structured finance ratings illustrates precisely this tension. In his essay “Rating…
How AI Governance Strengthens Credit Ratings: The Mercedes-Benz Approach to Responsible Innovation
The discussion on responsible AI at the conference hosted by the Frankfurt School of Finance & Management highlighted an increasingly relevant question for capital markets: how AI governance frameworks influence the creditworthiness of large corporates. Using the example of the Mercedes-Benz Group AG, insights shared by Patrick Kappler-Henne illustrated how a structured and operationalized approach…
Drone Defense as a New Corporate Risk Factor
The rapid proliferation of drone technology is reshaping the security landscape for private companies, raising the question of whether counter-drone capabilities will evolve from a technical safeguard into a material factor in corporate risk assessment and credit ratings. As drones become increasingly affordable and technologically advanced, their potential use in asymmetric attacks against private infrastructure…
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