Seventh amendment of MaRisk imminent
In minutes of the MaRisk (Minimum Requirements for Risk Management) expert committee published in January, one of the items on the agenda was the seventh amendment to the minimum requirements for risk management. According to the protocol, this is expected as early as the fourth quarter of 2022.
In terms of content, the following is to be expected:
- EBA guidelines on lending and credit monitoring
- Direct investment in real estate
- Special funds
- Business model analysis
- Home Office Trading
Furthermore, addressees should be prepared for MaRisk to become leaner in the future – unfortunately not from a content perspective. Due to more and more frequent European requirements that are need to be implemented, more references and fewer direct citations are to be incorporated into MaRisk. For the recipient, this is likely to be accompanied by increased research necessity and thus greater effort, as was also suggested by the expert panel.
The committee also discussed with issues such as clarifications on the sixth MaRisk amendment, background information on the upcoming obligation to report outsourcing activities, and a realignment of supervision with regard to special funds.
The minutes of the MaRisk expert committee can be found
here on the website of the Federal Financial Supervisory Authority (BaFin).
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