Current guidelines issued by the European Securities and Markets Authority (ESMA) impose inter alia specific organisational requirements on the trading business of institutions in an automated trading environment. Below you will find the draft BaFin circular with which these guidelines are to be implemented.

Risk management at German credit institutions must comply with the Minimum Requirements for Risk Management (Mindestanforderungen an das Risikomanagement, MaRisk). These pages provide information on the current version as amended on December 2012.

Here you find the documents to Prudential requirements for institutions' remuneration systems, Requirements applicable to institutions' remuneration systems that were annulled when the Remuneration Ordinance for Institutions came into force and Consultation 14/2009 - draft circular on requirements for remuneration systems

Here you find documents to Circular 11/2011 (BA): Interest rate risk in the banking book; calculating the impact of a sudden and unexpected change in interest rates, Consultation 10/2011 – Draft circular superseding Circular 7/2007 (BA): interest rate risk in the banking book; calculating the impact of a sudden and unexpected change in interest rates and Circular 7/2007 (BA): Interest rate risk in the banking book; calculating the impact of a sudden and unexpected change in interest rates.