Regulatory Alerts2017-10-27 | Annotated text of the Minimum Requirements for Risk Management (MaRisk) in the version of 27 October 2017Added
Annotated text of the Minimum Requirements for Risk Management (MaRisk) in the version of 27 October 2017
The document establishes the Minimum Requirements for Risk Management (MaRisk) for institutions under the supervision of the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), implementing section 25a of the German Banking Act and Directive 2013/36/EU. It mandates that all institutions maintain robust governance, effective internal control systems, and comprehensive risk management processes covering counterparty, credit, market, liquidity, and operational risks. The requirements apply to institutions, financial services institutions, and securities trading banks, with specific provisions for group-level risk management and outsourcing. Institutions are required to ensure internal capital adequacy and involve their supervisory boards or corporate headquarters in risk oversight.
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