The Web Was Built for Humans. It Is Being Rebuilt for Machines.
Google DeepMind maps the new attack surface of autonomous AI agents with ‘AI Agent Traps’ – with significant implications for financial institutions.
Read moremanagement and strategy consulting
schablitzki management consulting
Independent advisory at the intersection of Capital Markets, Technology and Regulation – informed, hands-on and forward-looking.
Expertise
Topics & Competencies
Six focus areas at the intersection of capital markets, technology and regulation – informed, hands-on, forward-looking.
Capital Markets Regulation
Comprehensive advisory on regulatory requirements in the capital markets space – from T+1 Settlement and MiCA to DORA, FiDA and the Open Finance framework.
Operational Excellence
End-to-end process optimisation in financial institutions – focusing on efficiency gains, cost reduction and sustainable transformation of the value chain.
Agentic AI
AI agents that act autonomously – not just analyse. I advise on strategy and architecture and implement agent-based workflows hands-on. Practitioner-led engineering for financial institutions.
Blockchain & Crypto
Strategic advisory on blockchain technology, smart contracts, crypto assets as an asset class and the regulatory framework for digital assets.
Digital Enabler Technologies
Integrating digital technologies into the value chain of financial institutions – from process mining and cloud migration to data-driven business models.
Governance, Risk & Compliance
Strategic advisory to meet stringent regulatory requirements, secure complex IT landscapes and manage risks such as money laundering and cyber attacks efficiently.
Latest
News & Insights
Analyses and contextualisation on current topics from capital markets, regulation and agentic AI.
DORA: One Year On – Between Ambition and Reality
The one-year review of the Digital Operational Resilience Act reveals: 44 per cent of financial institutions are still not compliant. A stocktake including the DORA–NIS 2 delineation.
Read moreAI Cockpit · As of October 2026
AI Macro Cockpit
How the AI build-out moves rates, credit and equity markets, assessed every month from a capital markets perspective.
−31 bpUS 10-year yield
+19.3%Brent January contract
−37%CoreWeave
+41%Accenture
Focus of the month · AI infrastructure
Companies that need new capital for the build-out lost the most in October
The reactions differed by company, and negative free cash flow alone does not explain them. Microsoft, the hyperscaler with the lowest capex-to-cash-flow ratio in the cockpit, ended the month slightly higher.
Source: AI Macro Cockpit (Yahoo Finance, daily closes). CoreWeave dashed.
01
Oil and rates decoupled.The ten-year US yield fell by 31 basis points, Brent rose by 13.6%. The correlation of daily changes turned from plus 0.66 in September to minus 0.28.
02
Only the real rate fell.The inflation expectation derived from inflation-protected bonds stayed practically unchanged at 2.35%. Investors bought government bonds as a safe haven.
03
The market punished new capital needs.Meta announced share issues of around USD 35 billion, and Alphabet lost 12.6% in a single day after raising its investment plans. Amazon, with the weakest free cash flow, lost only 3.5% over the month.
04
The credit market draws the line at smaller borrowers.Bonds of the data centre operator CoreWeave yielded around 15%, and the risk premium on US high-yield bonds (HY spread) reached 3.40% on 22 October.
The month at a glance
About me
Christian Schablitzki
Trusted Advisor – Capital Markets, Agentic AI & Digital Transformation
Nearly 20 years on international trading floors as an investment banker and derivatives trader, followed by more than 10 years as a management consultant at Accenture, CAPCO and Infosys Consulting. Today advising at the intersection of capital markets, regulation and agentic AI – with a focus on forward-deployed engineering.
- 20+ years in capital markets: sales, structuring and trading roles in Munich, Frankfurt and London
- 10+ years in consulting: capital-markets programmes at major banks across DACH and the UK
- Forward-deployed: strategy and implementation of agent-based workflows