Regulatory Alerts2022-05-04 | MaRisk (englische Version)Annotated Text of the Minimum Requirements for Risk Management (MaRisk) – Version of 16 August 2021
The German Federal Financial Supervisory Authority (BaFin) issued this annotated framework to establish comprehensive, proportionate risk management requirements for credit institutions and financial services firms under the Banking Act. Institutions must implement robust governance, internal control mechanisms, and dedicated risk control and compliance functions to identify, assess, and report material credit, market, liquidity, and operational risks while maintaining adequate internal capital. The regulations apply flexibly based on institutional size and complexity, mandate specific provisions for high non-performing loan ratios, and govern critical areas including trading, outsourcing, internal audit, and risk reporting.
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