BOOK PUBLICATIONS.

This book pro­vides a prac­ti­cal and in­tu­itive view of how Eu­ro­pean banks ma­na­ge as­set-lia­bi­li­ty mis­match risk from both a prac­ti­tion­er and super­vi­sory per­spec­tive. After a pro­longed period of zero in­terest rate po­li­cy (ZIRP) by cen­tral banks around the world, the pe­riod from Q1 2022 to Q2 2023 has seen the larg­est, fast­est, and most wide­spread in­crease in in­terest ra­tes since the 1980s, with 1-year euro yields rising by more than 400 bp. The recent mark­et turm­oil has ex­posed the in­creased vul­ne­ra­bi­li­ty of banks, par­ti­cu­lar­ly those with signi­fi­cant ex­po­sures to long-term, fixed in­come assets, fueled by shorter-term, less stable fund­ing. This chal­leng­ing in­terest rate en­vi­ro­nment re­in­forc­es the stra­te­gic im­port­ance of as­set-lia­bi­li­ty ma­na­ge­ment (ALM) for banks. In­deed, a bank's sur­vi­val now de­pends more than ever on pru­dent ALM. This book in­tro­du­ces the most com­mon com­po­nents of in­terest rate risk ma­na­ge­ment within a bank's as­set-lia­bi­li­ty ma­na­ge­ment frame­work, in­cluding the con­cepts of eco­no­mic value of equity (EVE), net in­terest in­come (NII), funds trans­fer pric­ing (FTP), and the re­pli­ca­ting model. In addition to bridg­ing the gap bet­ween wi­de­ly used ge­ne­ral in­terest rate risk ma­na­ge­ment tech­niques in the fixed in­come area and what is best prac­tice in Eu­ro­pean banks, the book also pro­vides an up­date on re­cent changes in the re­gu­la­tory frame­work for Euro­pean banks' ma­na­ge­ment of in­terest rate risk in the bank­ing book (IRRBB), in­cluding new EBA guide­lines. It also covers the la­test de­velop­ments in in­terest rate risk ma­na­ge­ment, such as rapid­ly chang­ing in­terest rates and modeling bank custo­mers' be­havior.

“Risk ma­na­ge­ment is not just a tech­nique, it is an art. The book con­nects the dots bet­ween es­ta­blished theory, cur­rent prac­tice, and emerging re­gu­la­tion. The reader be­comes both an engineer and an ar­tist of as­set lia­bi­li­ty ma­na­ge­ment.” ― Joachim Wuermeling, for­mer Execu­tive Board Mem­ber, Deutsche Bundesbank.

“Fidelio Tata's brilliant book offers an ex­cep­tio­nal­ly com­prehen­si­ve and ab­so­lu­tely re­le­vant per­spec­tive on mo­dern in­vest­ment bank­ing, and especial­ly glo­bal mar­kets. Any­one in­trigued by the oppor­tu­ni­ties and dy­na­mics in this space will en­joy reading Fi­de­lio's book. It is a rare source of easy-to-understand, first-hand in­for­ma­tion and in­sights on how to success­fully na­vi­gate and master the field. This book is a prac­ti­cal must-read!” ― Stephanino Isele, Execu­tive Board member and Head of Insti­tu­tionals & Multi­nationals, Zürcher Kantonal­bank.

LECTURES AT ISM.

Master Finance

• Investment Banking
• Capital Market Theory
• Asset Management
• Alternative Investments
• Financial Risk Management
• Financial Market Products
• Investment Theory & Finance
• Investment & Financing
• Bank Management
• Corporate Finance
• Derivatives
• Option Pricing Theory
• Rating
• Corporate Valuation
• Value-Based Business Management
• Blockchain & Digital Assets
• Cap Stone Project

Master International Management

• Financial Risk Management
• International Financial Management

Master International Business

• Investment Theory & Finance
• Corporate Management

Bachelor Finance & Management

• Introduction Finance & Management
• Introduction to Corporate Finance
• Introduction to Capital Markets
• Financial Markets & Institutions

Bachelor International Management

• Global Capital Markets & Finance
• Corporate Finance in SME
• International Financial Management
• Derivatives
  

LECTURES AT FRANKFURT SCHOOL OF FINANCE AND MANAGEMENT.

SELF-STUDY MATERIALS.

PUBLICATIONS.

Art on the Blockchain: From Artist to Investment Portfolio, Journal of Wealth Management, forthcoming.

Bank Asset-Liability Management: A Guide to Managing Interest Rate Risk in the Banking Book for Practitioners, Regulators, and Supervisors in the EU, Palgrave Macmillan (2025), ISBN 978-3-031-80204-1.

MiCAR's Influence on Stablecoins: Industry Insights and Implications, Digital Euro Association, July 2024.

Krypto­wer­te: Ein Zu­kunfts­the­ma für Gut­acht­en, Die Sach­ver­stän­di­gen, 51 (2024), 03/2024, 38-47.

Block­chain Edu­ca­tion as a Ca­ta­lyst for Ger­man Inno­va­tion and Eco­no­mic Strength, Block­chain Bundes­ver­band, Feb. 2024.

ECB's cautious approach to digital currencies is the right one, Financial Times, November 2, 2023.

Banking on Tokens: Tokenized Commercial Bank Deposits - A Primer, Digital Euro Association, July 2023.

Das Silicon Valley Bank Debakel: Lessons Learned, die bank, 05/2023, 8-11.

Pro­po­sing an in­ter­val de­sign feature to Cen­tral Bank Di­gi­tal Curren­cies,  Re­search in In­ter­na­tio­nal Busi­ness and Fi­nan­ce, 64 (2023), 101898.

Cor­po­rate and In­vest­ment Bank­ing: Pre­pa­ring for a Career in Sales, Tra­ding, and Re­search in Glo­bal Mar­kets, Palgrave Macmillan (2020), ISBN 978-3-030-44340-5.

Correla­tion Risk in the Con­text of Mar­ket Turbu­len­ces Du­ring the COVID-19 Pan­demic and BCBS Stress Test­ing Prin­ci­ples, Jour­nal of Mathe­ma­ti­cal Finance, 10 (2020) No. 4, 612-630.

Renaissance des Handels in der Krise?, die bank, 06/2020, 14-17.

Ex­plain­ing Asset Mana­gers pre­fe­rence for the P&L method over RPAs when pay­ing for Re­search under MiFID II, Finance Research Letters, 28C (2019), 45-52.

Regu­la­tion, econo­mies of scale and credit Ra­tings: A puzzle of de­clining mar­ket con­cen­tra­tion in the OTC de­ri­va­tives mar­ket, Finance Research Letters, 29 (2019), 292-296.

Price formation of FICC re­search follow­ing MiFID II un­bundling rules, Jour­nal of Fi­nan­cial Re­gu­la­tion and Compliance, 28(2019) No. 1, 97-113.

Abwärtswettlauf der Handels­ab­teilungen von deutschen Banken, die bank, 06/2019, 38-40.

Client-Proximity-Based Spatial Clustering of European Corporate and In­vest­ment Banking After a Hard Brexit, Finance Research Letters, 27C (2018), 241-246.

Die Illusion im Bilanz­struktur­management: Kompensierende Wirkung zwischen Konditions- und Fristen­trans­for­ma­tions­marge?, die bank, 07/2018, 34-35.

Competitive interaction between financial market architectures: theory and empirical evidence, Diss. Thesis, Bamberg: Difo-Druck, 1995.

Kampf um Marktanteile, Schweizer Bank, 10 (1995), 54-57.

Vassilicos J.C., Demos A., Tata F. (1993), No Evi­dence of Chaos But Some Evi­dence of Multi­frac­tals in the Foreign Ex­change and the Stock Mar­kets. In: Crilly A.J., Earn­shaw R.A., Jones H. (eds) Appli­ca­tions of Frac­tals and Chaos. Springer, Ber­lin, Hei­del­berg, 249-265.

The economic time scale high-frequency data. the microcosms of financial markets, Discussion Paper, Volkswirtschaftliche Abteilung der Hochschule St. Gallen, 71 (1993).

On the Interdependence of Band Yields using High Frequency Data, Discussion Paper, New York University Salomon Center working paper series S-92-7 (1992).

Tata, F., Vassilicos, J.C. (1992), Chaos in the Stock and Forex Markets?, Discussion Paper, Volkswirtschaftliche Abteilung der Hochschule St. Gallen, 64 (1992).

Vassilicos J.C., Demos A., Tata F. (1992), No Evidence of Chaos But Some Evidence of Multifractals in the Foreign Exchange and the Stock Markets, Discussion Paper, LSE Financial Markets Group, 143 (1992).

Tata, F., Vassilicos, J.C. (1992), Is there Chaos in Economic Time Series? A Study of the Stock and the Foreign Exchange Markets, Discussion Paper, LSE Financial Markets Group, 120 (1991).

Is the Foreign Exchange Market Characterized by Nonlinearity?, Discussion Paper, LSE Financial Markets Group, 118 (1991).

Nichtlinearität im Devisenmarkt, Discussion Paper, Schweizerisches Institut für Banken und Finanzen Hochschule St. Gallen, 1990.