Solvency

Circulars issued by the Federal Financial Supervisory Authority

Circulars issued by the Federal Financial Supervisory Authority spelling out the details of Principle I or solvency (only available in German).

• 08/2011 (BA) - Implementation of the CEBS Large Exposures Guideline of 11 December 2009 and other interpretations of large exposure rules (available only in German)
• 08/2011 (BA) - Annex to Circular of 15 July 2011 (list of FAQs) (available only in German)
• 05/2011 (BA) - Requirements for the recognition of tier 1 instruments pursuant to section 10 (2a) sen-tence 1 numbers 1 to 6, number 8 and number 10 of the Banking Act and for their early repayment (available only in German)
• 13/2009 (BA) – Calculating the mortgage lending value for leaseholds (available only in German)
• 11/2007 Deducation requirement pursuant to section 10 (6) sentence 3 of the German Banking Act ( KWG) (only available in German)
• 07/2007 (BA): Interest rate risk in the banking book; calculating the impact of a sudden and unexpected change in interest rates (available only in German)
• 02/2007 (BA) - Minimum payment commitments: capital charges and treatment pursuant to the Large Exposures Regulation (available only in German)
• Circular 14/2005 – Intangible assets
  here: Institut der Wirtschaftsprüfer in Deutschland e.V. [Institute of Public Auditors in Germany] (IDW), comment on accounting practices: user’s reporting of software in the balance sheet (IDW RS HFA 11) (available only in German)
• Circular 1/2005 – Provisions governing large exposures and loans of €1.5 million or more; Principle I pursuant to sections 10 and 10a of the German Banking Act (Kreditwesengesetz); surety bonds for tour operators pursuant to section 651k of the German Civil Code (Bürgerliches Gesetzbuch) (available only in German)
• 12/2004 (BA) - Recognition of non-listed securities as tier one liquidity (available only in German)
• 05/2004 Announcement of the new list of zone A states
• 09/2002 Time limit for reduction in capital requirements for mortgage loans
• 03/2002 Retention periods for foreign currency positions. Appendix to the Circular
• 03/2002 Retention periods for market price data of trading book positions
• Incorporation of provisions comparable to sections 10, 10a of the Regulation Governing Large Exposures and Loans of €1.5 million or More in Principle 1
• 06/2001 Treatment of the existing portfolio of commercial mortgage loans
• 01/2001 Modelling the specific price risk
• 03/2000 Inclusion of interest rate risks arising from equity, currency and commodity derivatives
• 17/1999 Assignment of institutions' portfolios and business to the trading book and the banking book
• 11/1999 List of regulated markets within the meaning of Article 1 No. 13 of Council Directive 93/22/EEC of 10 May 1993 on investment services in the securities field
• 10/1999 Treatment of credit derivatives in Principle I pursuant to sections 10, 10a Banking Act and in the context of the Regulation Governing Large Exposures and Loans of €1.5 million or More
• 06/1999 Inclusion in the liable capital of undisclosed reserves in unlisted equity shares
• 02/1999 Reduction in captial requirements for mortgage loans
• 18/1998 Issuance terms for short-term subordinated liabilities
• 13/1998 Asset-Backed Securities transactions- revolving transactions
• 11/1998 Consolidation of mixed-activity groups (section 13b of the Banking Act (6th Amendment), section 10a of the Banking Act (6th Amendment)/Principle I
• 14/1997 Notifications for institutions concerning decisions on counterparty weights
• 09/1997 Computation of risk assets constituting claims on or carrying the explicit guarantee of the Instituto de Credito Oficial, Madrid
• 07/1997 Treatment of an issue of Cyber-Val to refinance a loan to an Établissement Public de Financement et de Restructuration
• 06/1997 Treatment of securities in the context of repackaging agreements
• 04/1997 Asset-Backed Securities transactions
• 03/1997 Single borrower entities pursuant to section 19 (2) sentence 1 of the Banking Act
• 16/1996 Reduction in capital requirements for loans secured by residential property
• 14/1996 Inclusion of collateral in the form of bank debt securities
• 12/1996 Treatment of GNMA bonds
• 11/1996 Treatment of the successor organisations to the Treuhand agency, Berlin
• 10/1996 Large exposure amounts that are backed by liable capital pursuant to section 13 (4) sentence 3 of the Banking Act 10/96
• 04/1996 Computation of risk assets constituting claims on the Caisse d'Amortissement de la Dette Sociale, Paris, France