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Karsten is an Advisor in the Internal Models Division of the SSM (Single Supervisory Mechanism) at the European Central Bank. He is member of the Trading Book Group of the Basel Committee for Banking Supervision, where he co-chairs the internal models work stream and is involved in other working groups at European and Basel level. Before joining the ECB in 2014 Karsten worked for more than 15 years in the German Central Bank, first as an examiner for internal market risk models and then more than 10 years as head of section, Market risk, Operational Risk, Liquidity risk models and IT“ responsible for on-site inspections and the transposition of Basel and European rules into national legislation.