Featured Product

    BaFin Consults on Adoption of EBA Guidelines on Internal Governance

    June 03, 2020

    BaFin is revising certain documents in an effort to adopt the joint EBA and ESMA guidelines on the assessment of the suitability of members of the management body and key function holders (EBA/GL/2017/12) and the EBA guidelines on internal governance (EBA/GL/2017/11). To this end, BaFin is consulting on a revised “leaflet” related to requirements for the appointed managing directors, in accordance with the Banking Act (KWG), Payment Services Supervision Act (ZAG), and German Capital Investment Code (KAGB). In addition, BaFin is consulting on an information sheet on the requirements for the appointed members of administrative or supervisory bodies, in accordance with the KWG and KAGB. The comment period for consultation is open till July 01, 2020.

    The "leaflet" in accordance with the KWG, ZAG and KAGB explains the professional and personal requirements for people who are appointed as managing directors in accordance with the respective supervisory laws. The information sheet in accordance with the KWG and KAGB explains the technical and personal requirements for the members of administrative and supervisory bodies that are appointed in accordance with the respective supervisory laws. 

     

    Related Links (in German)

    Comment Due Date: July 01, 2020

    Keywords: Europe, Germany, Banking, Securities, Governance, Banking Act, EBA, ESMA, BaFin

    Featured Experts
    Related Articles
    News

    EBA Updates List of Validation Rules for Reporting by Banks

    EBA issued a revised list of validation rules with respect to the implementing technical standards on supervisory reporting.

    September 10, 2020 WebPage Regulatory News
    News

    EBA Responds to EC Call for Advice to Strengthen AML/CFT Framework

    EBA published its response to the call for advice of EC on ways to strengthen the EU legal framework on anti-money laundering and countering the financing of terrorism (AML/CFT).

    September 10, 2020 WebPage Regulatory News
    News

    NGFS Advocates Environmental Risk Analysis for Financial Sector

    NGFS published a paper on the overview of environmental risk analysis by financial institutions and an occasional paper on the case studies on environmental risk analysis methodologies.

    September 10, 2020 WebPage Regulatory News
    News

    MAS Issues Guidelines to Promote Senior Management Accountability

    MAS published the guidelines on individual accountability and conduct at financial institutions.

    September 10, 2020 WebPage Regulatory News
    News

    APRA Formalizes Capital Treatment and Reporting of COVID-19 Loans

    APRA published final versions of the prudential standard APS 220 on credit quality and the reporting standard ARS 923.2 on repayment deferrals.

    September 09, 2020 WebPage Regulatory News
    News

    SRB Chair Discusses Path to Harmonized Liquidation Regime for Banks

    SRB published two articles, with one article discussing the framework in place to safeguard financial stability amid crisis and the other article outlining the path to a harmonized and predictable liquidation regime.

    September 09, 2020 WebPage Regulatory News
    News

    FSB Workshop Discusses Preliminary Findings of Too-Big-To-Fail Reforms

    FSB hosted a virtual workshop as part of the consultation process for its evaluation of the too-big-to-fail reforms.

    September 09, 2020 WebPage Regulatory News
    News

    ECB Updates List of Supervised Entities in EU in September 2020

    ECB updated the list of supervised entities in EU, with the number of significant supervised entities being 115.

    September 08, 2020 WebPage Regulatory News
    News

    OSFI Identifies Focus Areas to Strengthen Third-Party Risk Management

    OSFI published the key findings of a study on third-party risk management.

    September 08, 2020 WebPage Regulatory News
    News

    FSB Extends Implementation Timeline for Framework on SFTs

    FSB is extending the implementation timeline, by one year, for the minimum haircut standards for non-centrally cleared securities financing transactions or SFTs.

    September 07, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5796