The crypto markets have long been a hot topic among investors and are now worth billions. They promise stability and can be traded around the clock. The underlying blockchain technology has also long since arrived and is being used in pilot projects as part of the DLT (distributed ledger technology) pilot regime for the settlement of financial instruments.
This article provides an overview of the current development and possible application scenarios for robotic process automation (RPA) in the banking sector, with a particular focus on the highly regulated areas of reporting, compliance, risk management and controlling.
From automotive saleswoman to junior consultant in the area of regulation & analytics in an IT consultancy for banks and insurance companies.
In the past three articles, we have looked at topics that already exist or are currently being implemented. We would like to use the end of the year to look ahead.
On June 29, 2023, Bafin published what is now the 7th amendment to the “Minimum Requirements for Risk Management – MaRisk” framework, which has been in place since 2005. We briefly summarize the contents for you:
Key content of the EBA guidelines on lending and monitoring (EBA/GL/2020/06) is incorporated into MaRisk, in part as references to the guidelines themselves, while maintaining proportionality. This includes but is not limited to
The EU taxonomy, more precisely Regulation EU/2020/852, establishes the basis for assessing the sustainability of economic activities, with a classification system allowing to classify whether the desired sustainability of the investment is given.
The Data Point Model (DPM), as it is known in its current version, was already designed by the EBA and EIOPA in 2012 and further developed independently of each other. However, little has changed in the basic structure during this time.
Sustainability gains importance. Annual meeting surveys implementation status with banking supervisory authorities.
On January 17, 2022, the Federal Reserve held a kick-off event for PRISMA. The aim is to ensure uniform processing of the reports submitted, including improved quality assurance and subsequent forwarding to the EBA and ECB.
The focus of the November update is on the notification regulations, which must be used to report outsourcings to BaFin