Financial Service Institutions

Regulatory consulting

In the wake of ever increasing regulatory requirements, PBK supports financial services institutions in building an adequate internal control system, which in particular complies with the regulatory requirements. In this way, we support our clients in the field of Minimum Requirements for Risk Management (MaRisk) and minimum requirements for the compliance function according to §§ 63 ff. WpHG (MaComp).

Due to the embedding of PBK in the Auditing Association group, our employees are regularly involved in the deposit protection audits of the Auditing Association. As a result, we constantly deal with regulatory issues and are familiar with the expectations of the BaFin with respect to the Institute.

MINIMUM REQUIREMENTS for RISK MANAGEMENT

MaRisk differentiates between the following essential elements:

  • Risk inventory with identification of significant risks
  • Deriving a business and risk strategy
  • Determining its risk bearing capacity
  • Description of the risk cycle (definition, assessment, control, monitoring, reporting)


MINIMUM REQUIREMENTS of COMPLIANCE FUNCTION

MaComp are relevant for all securities services providers within the meaning of § 2 para. 10 WpHG. MaComp should promote investors' confidence in the proper functioning of the securities markets and strengthen the protection of all investors and the institutional functioning of the capital markets and serve to protect the securities services providers and its employees. The Circular is aimed at the introduction of appropriate measures to reduce the risk of regulatory actions, damages claims against companies and reputational damage for companies due to violations of the provisions of the 11 section of WpHG.

MaComp contain the following provisions:

  • Compliance function
  • Employee transactions
  • Advertisement
  • PTestig the suitability     

     

Questions regarding regulatory counselling? If you have any questions regarding regulatory requirements for financial services institutions, then please contact Ms. WP Bente Borgmann or Mr. WP Martin Glutsch.



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PBK auditing and consulting company for the Banking mbH
Auditing company

Kattenbug 1
50667 Köln
Fon +49 221 91 26 96 - 529
Fax +49 221 91 26 96 - 571