Regulatory Alerts2026-06-30
Added · Updated
Circular 06/2026 (BA): Minimum Requirements for Risk Management - MaRisk
The German Federal Financial Supervisory Authority (BaFin) issued Circular 06/2026 to establish the Minimum Requirements for Risk Management (MaRisk), providing a flexible framework for financial institutions to organize their risk management, internal control systems, and governance structures. The document mandates that institutions implement robust governance arrangements, effective risk identification and monitoring processes, and adequate internal capital adequacy assessment processes (ICAAP) in compliance with CRD IV/VI and relevant EBA guidelines. It further specifies detailed organizational and procedural requirements for credit, trading, and real estate businesses, while integrating ESG risk considerations and defining proportional application criteria for small and very small institutions.