Minimum requirements (banking supervision)

This article explains minimum requirements as an instrument of German banking supervision; for the term minimum requirement in general, see minimum requirement .

Minimum requirements are an instrument of banking supervision in Germany, with the help of which the proper organization of business operations in certain areas of the credit institutions is to be ensured. In Germany, such minimum requirements were first published in 1975 as a result of the Herstatt Bank's insolvency due to foreign exchange speculation .

Minimum requirements for risk management (MaRisk)

The currently valid minimum requirements are the minimum requirements for risk management (MaRisk). They were published in their first version with circular 18/2005 of December 20, 2005 and have since been adapted several times. The most recent version was published on December 14, 2012 and came into force on January 1, 2013.

Forerunners of MaRisk were

• Minimum requirements for the operation of commercial transactions (MaH)
• Minimum requirements for the design of the internal audit (MaIR)
• Minimum requirements for the lending business (MaK)

The forerunners of the MaH existed

• Minimum requirements for bank-internal control measures in foreign exchange transactions (Letter I4-32 of BaKred dated February 24, 1975)
• Minimum requirements for the securities business (letter V3-Gr 8/77 of BaKred dated December 30, 1980)

Minimum requirements for recovery plans (MaSan)

With the minimum requirements for restructuring plans, the German supervisory authority wants to implement the so-called “bank wills” in Germany. A consultation was started on November 2, 2012. On the basis of MaSan, systemically important banks are to describe by the end of 2013 how they can be wound up in the event of a crisis.

literature

• Wolfgang Stützle: The process of further developing the minimum requirements (MaH, MaIR, MaK) into the minimum requirements for risk management . In: Axel Becker, Walter Gruber, Dirk Wohlert (eds.): MaRisk manual. Minimum requirements for risk management in banking practice . Fritz Knapp Verlag, Frankfurt am Main 2006, ISBN 3-8314-0777-0

Individual evidence

1. ↑ MaRisk in the version dated December 14, 2012 ; BaFin.de, accessed on December 19, 2012
2. ↑ MaSan consultation of November 2, 2012 ; BaFin.de, accessed on December 19, 2012