BaFin

General Decrees on the ban of short sales expire

Frankfurt am Main - Skyline bei Nacht (c) terramara / PIXELIO

The General Decrees of BaFin dated 19 and 21 September 2008 on the ban of uncovered short sales in 11 stocks will expire by the end of 31 January 2010 without replacement.

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SSG issues Report on Risk Management Practices

Finanz-Mikado (c) Ernst Rose / PIXELIO

Senior financial supervisors from seven countries (collectively the “Senior Supervisors Group”) today issued a report that evaluates how weaknesses in risk management and internal controls contributed to industry distress during the financial crisis.

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BaFin and FFMS sign Memorandum of Understanding

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The Federal Financial Supervisory Authority (BaFin) and the Federal Financial Markets Service of Russia (FFMS) on Monday signed a Memorandum of Understanding (MoU) in Frankfurt am Main.

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New Minimum Requirements for Risk Management (MaRisk): BaFin implements international risk management standards

BaFin-Umlaufmappe mit Kugelschreiber

The Federal Financial Supervisory Authority (BaFin) has further refined and extended its Minimum Requirements for Risk Management for banks and financial services institutions (Mindestanforderungen an das Risikomanagement - MaRisk). BaFin published the revised MaRisk on 14 August 2009.

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Restrictions maintained on short-selling of financial stocks to 31 January 2010

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The Federal Financial Supervisory Authority (BaFin) extended its ban on certain short-selling transactions to 31 January 2010.

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BaFin publishes minimum requirements for risk management in insurance undertakings (MaRisk VA)

BaFin-Postit auf Tastatur

In its MaRisk VA Circular, BaFin explains what will be the focal points of the examination of risk management practices. The supervised companies will thus have planning security for the refinement of their risk management systems.

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