Rules and guidance
This section sets out those laws, regulations, administrative rules and general guidance that have been adopted by Germany to implement Basel II provisions of the recast Directives 2006/48/EC and 2006/49/EC.
In this context laws and regulations ("Gesetze und Verordnungen") outline the basic legislative and regulatory framework for supervised credit institutions and investment firms. For the purposes of supervisory disclosure "administrative rules" refer to documents that instruct supervised entities on how to satisfy certain legislative and regulatory requirements (e.g. Minimum Requirements for Risk Management [MaRisk] = "Mindestanforderungen an das Risikomanagement"). General guidance includes any relevant information that is released in order to improve the understanding of the new capital adequacy framework (e.g. Guidelines for applications to use the IRBA = "IRBA Merkblatt").
Major laws, regulations and rules in this context in Germany are:
- KWG - German Banking Act (only available in German)
- LiqV - Regulation on the liquidity of institutions
SolvV:
- SolvV - Regulation governing solvency (German version)
- SolvV - Regulation governing solvency (English version, translated by Bundesbank)
- Annexes 1 and 2 (English version, translated by Bundesbank)
- MaRisk - Minimum Requirements for Risk Management
- Guideline on carrying out and ensuring the quality of the ongoing monitoring of credit and financial services institutions by the Deutsche Bundesbank
Tables of information:
- Laws, regulations and administrative rules
For the purpose of easy reference the following tables contain links to overview tables on where and how a certain aspect of the recast Directives are implemented in German law and regulations before actually offering a link to the respective document.
- External credit assessment institutions' (ECAI)
- Guidance for model validation (Spreadsheet only)
- Guidance for model approval (Spreadsheet only)
- Slotting criteria (Spreadsheet only)
- Other CRD disclosure requirements
- Additional information (Spreadsheet only)
- Specific treatment of securitizations
- Disclosure on waivers for solo supervision
- Mergers and acquisitions
- Credit Risk Mitigation
- Application of Pillar 3
- Securitization - Article 122a
(Note: The supervisory disclosure will be populated from 31 December 2010 on)
- Supervisory Disclosure on Reporting
- Use of the Guidelines on Common Reporting
- Use of the Guidelines on Financial Reporting
- Use of the Guidelines on Common Reporting
In case you require a comprehensive overview of rules and guidance in Europe please view CEBS Rules and Guidance.