2020/11/13

The German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht - BaFin) launched a consultation (to run until 4 December 2020) on draft regulations amending the Regulation on Large Exposures and Loans of One Million Euros and More (GroMiKV), the Solvency Regulation (SolvV), and the Institution Remuneration Regulation (InstitutsVergV).The adjustments are required as a result of amendments to the Capital Requirements Regulation and Directive (CRR II and CRD V) and the resulting amendments to the German Banking Act (Kreditwesengesetz - KWG), e.g. the introduction of the leverage ratio and systemic risk capital buffers.

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