2026-07-01

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Interview with Fritzi Köhler-Geib: Europe must strengthen its digital sovereignty

Bundesbank Executive Board member Fritzi Köhler-Geib urges Europe to accelerate the development of its own AI models to counter strategic dependencies on the US and China. She warns that homogeneous AI training data in financial markets could amplify herd behavior, necessitating early supervisory intervention and guardrails. While acknowledging the rise of autonomous agentic trading, she notes that current AI limitations regarding bias and lack of self-awareness remain key constraints for financial stability.

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Deutsche Bundesbank

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