Regulatory Alerts2024-05-29
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Circular 06/2026 (BA) Minimum Requirements for Risk Management (MaRisk) - Explanations as of June 30, 2026
This document establishes the Minimum Requirements for Risk Management (MaRisk) for institutions subject to the German Banking Act (KWG), detailing obligations for risk-bearing capacity, internal control systems, and risk management processes. It mandates specific organizational structures, segregation of duties, and reporting requirements for lending, trading, and real estate businesses, while also addressing group-level risk management and outsourcing standards. The framework applies to credit institutions and financial services institutions, requiring the involvement of the management board, supervisory body, and specialized functions such as risk controlling, compliance, and internal audit.
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