Banking
Banking / Opinion

7th MaRisk Amendment: Transforming Financial Risk Management

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The 7th amendment to Germany’s Minimum Requirements for Risk Management (MaRisk) represents a transformative shift in regulatory risk practices. This article examines the amendment’s key changes, focusing on the integration of ESG (Environmental, Social, Governance) risks, updated credit risk guidelines, real estate management, and enhanced model validation requirements. It also discusses the broader implications for financial institutions in adapting to these regulations and the challenges they face.

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Banking

Banking in Germany: What is MaRisk (Minimum Anforderungen an das Risikomanagement – The Minimum Requirements for Risk Management)

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The Minimum Requirements for Risk Management (MaRisk) serves as a cornerstone of Germany’s financial regulatory framework, guiding institutions in managing operational, credit, market, and sustainability risks. This article delves into the origins, core principles, evolution, and key amendments of MaRisk, highlighting its role in fostering financial stability and adapting to new challenges like ESG risks and digitalization.

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Banking / Economy

Sustainability Reporting (Nachhaltigkeitsberichterstattung)

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In recent years, the importance of sustainability has become a focal point in both corporate governance and public discourse. As environmental, social, and governance (ESG) factors increasingly influence stakeholders, businesses are under growing pressure to be transparent about their impact on society and the planet. One of the most prominent tools for this transparency is sustainability reporting.

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Banking

Wero AB and Digital Payment Systems in Europe

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In today’s fast-evolving financial landscape, digital payments have become an integral part of daily life. As businesses and consumers shift toward online and contactless transactions, the demand for seamless, secure, and cost-effective payment solutions has surged. Digital payments refer to money transfers that occur electronically without the need for physical exchange, whether through credit cards, bank transfers, mobile apps, or digital wallets.

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