Regulatory Alerts2014-08-15 | Circular 10/2012: Minimum Requirements for Risk Management (MaRisk BA)Circular 10/2012: Minimum Requirements for Risk Management (MaRisk)
The German Federal Financial Supervisory Authority (BaFin) issued Circular 10/2012 to establish a flexible, principles-based framework for risk management across banking and financial services institutions. The regulation mandates robust governance, internal capital adequacy assessments, and clearly defined risk control and compliance functions while applying dual proportionality to tailor requirements by institution size and complexity. It comprehensively addresses credit, market, liquidity, and operational risks alongside internal audit standards and outsourcing rules to safeguard asset safety and ensure consistent investor protection.
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