Translation of "Marisk" in English

These entailed further amendments to the MaRisk .

Risk Culture according to MaRisk - take it personally!

It was only with the MaRisk that the abovementioned documents were consolidated into one comprehensive risk management framework.

In so far as is necessary for regulatory or other legal reasons (e.g. requirements under Basel III, MaRisk, EBA/CEBS or the Pfandbrief Act which can only be guaranteed by government bonds which are fungible or required by the regulator), the PBB sub-group may, notwithstanding the suspension of the budget financing business, continue to acquire, hold and sell approved securities for management of the cover pools of the PBB sub-group and for liquidity management.

In particular, the financial condition of solvency and liquidity, including having appropriate risk control - and management systems as described in the MaRisk-circulaire.

Eurex Clearing AG has a Compliance function in accordance with EMIR Article 26 and MaRisk AT 4.4.2 in place in order to counteract the risks that may arise from non-compliance with legal rules and regulations.

In addition to this, Application Management includes usually production environment related tasks – hence compliance is an issue since externally performed tasks might be considered as an essential outsourcing according to MARisk.

The Minimum Requirements for Risk Management (MaRisk) outline the precise requirements of section 25a (1) and section 25b (1) of the Banking Act and thus provide the framework by which German credit institutions should structure their risk management.

The MaRisk make a major contribution to this. They provide institutions with an action framework for the organisation of their risk management systems, heighten risk awareness in institutions and make transparent how risk management may be organised in practice in order to comply with the law.

At the same time, MaRisk also covers the Basel II requirements aimed at financial institutions (Supervisory Review Evaluation Process).

The remuneration system meets all the more stringent statutory requirements, such as the Act on the Adequacy of Managerial Salaries and the Minimum Requirements for Risk Management (MaRisk) set by the German Federal Financial Supervisory Authority.

This made proper and regular recertification, as is demanded by MaRisk (minimum risk management requirements), difficult to fulfil.

With the new version of MaRisk from December 15, 2010, the German Financial Supervisory Authority (BaFin) has once again intensified the demands being made on financial institutions.

In all events, a risk-conscious CFO in a board position must instruct the treasurer to implement a product-specific and therewith bank-specific risk management system which, to the extent appropriate, can be oriented towards the MaRisk BA.

Knowledge of the legal and regulatory requirements relevant to Eurex Clearing AG, in particular with regard to the minimum requirements for risk management (MaRisk)

Assuming at this point that only somewhat differentiated risk management systems - as are required at banks by the German Bank-ing Act [Kreditwesengesetz, KWG] and on this basis by the Federal Financial Supervisory Authori-ty's Minimum Requirements for Risk Management [Mindestanforderungen an das Risikomanage-ment, MaRisk BA] - can mitigate the risks of complex financial products, then consequentially enterprises should likewise revert to these risk management systems when using corresponding products.

Knowledge of the legal and regulatory requirements relevant to Eurex Clearing AG, in particular with regard to the minimum requirements for risk management (MaRisk)

The new Minimum Requirements for Risk Management (MaRisk) of 27.10.2017 require in particular Part BTR 3.1 (5) on liquidity risk a causal internal offsetting of the respective liquidity costs, benefits and risks in terms of own funds risk-bearing capacity and periodic success.

This fact and the expected implementation of new requirements such as the MaRisk, reulation of financial markets and SEPA II, increase the demand on the IT of a bank or savings bank, which allows room for market potentials and the desired growth in the future due to gained flexibility.

Before the conclusion of transactions in new products and new markets, the risk process, systemic and any necessary personnel requirements are fulfilled within the meaning of the minimum requirements placed on risk management (MaRisk).

We give advice on adjusting remuneration and bonus systems and on designing legally watertight management and executive board pay, taking account of the complex regulatory requirements (e.g. German IVV, Corporate Governance Code, MARisk, MAComp).

The Minimum Requirements for Risk Management, or MaRisk, and the corresponding European rules already require institutions to take into account all material risks to which they are, or could be, exposed.

Observance of the “Minimum Requirements for Risk Management” (MaRisk) regulations issued by the Compliance Organization (MaComp) or current SEPA topics present the administration department of medium-sized banks with constant new challenges when dealing with business processes.

Employees in banks from the areas of IT, information security, risk management / risk control, audit and organisation, as well as employees of IT- or IS-service providers for banks, which would deepen their understanding of the legal requirements on information security (IS) defined in MaRisk.