Regulatory Alerts2023-06-29
Annex 2: All Changes to the Minimum Requirements for Risk Management (MaRisk) Compared to the Version of 29.06.2023
The German Federal Financial Supervisory Authority (BaFin) issued this document on May 29, 2024, to detail all amendments to the Minimum Requirements for Risk Management (MaRisk) relative to the June 29, 2023 version. The text serves as a comprehensive change log for financial institutions, outlining updates to risk management frameworks, internal control systems, and specific operational requirements for credit, trading, and real estate activities. It mandates adherence to revised standards regarding risk capacity, stress testing, data management, and the organizational structure of compliance and internal audit functions.
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