
ESG – Preparation supervision meeting – part 1
Sustainability continues to gain in importance and the implementation status of the individual institutions is surveyed in the annual meeting with the banking supervisory authorities.
Sustainability continues to gain in importance and the implementation status of the individual institutions is surveyed in the annual meeting with the banking supervisory authorities.
The Digital Operational Resilience Act (hereinafter: DORA) has been discussed for quite some time. At the latest when the regulation is published at the end of December 2022, financial companies and third-party service providers will have to start implementing the requirements in time for the 2025 entry into force.
With the last MaRisk amendment (Circular 10/2021, Minimum Requirements for Risk Management), a number of topics relating to IT security were adjusted, resulting in major implementation efforts. A little more than a year later, the German Federal Financial Supervisory Authority (BaFin) has now published its draft of the 7th MaRisk amendment for consultation.
A good organizational structure and its documentation form the basis, while an efficient IT strategy provides the direction of travel.
ADWEKO supports a Landesbausparkasse in the reporting area in the use of data processing applications in accordance with IT security management.