Regulatory Alerts2017-07-20
Checklist: Authorisation as a credit institution
The German Federal Financial Supervisory Authority (BaFin) publishes this checklist to detail the application process and documentation requirements for obtaining authorisation as a credit institution in Germany. It specifies mandatory submission procedures, applicant details, viable business plans, management board qualifications, qualifying holdings, and initial capital adequacy standards. The framework further mandates robust risk management frameworks, internal control procedures, and supervisory reporting systems to ensure ongoing regulatory compliance.
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