Germany:
Financial Institutions' IT Systems Receives New Regulatory Requirements from BaFin
10 November 2017
Reed Smith (Worldwide)
To print this article, all you need is to be registered or login on Mondaq.com.
On 3 November 2017, the German regulator for the financial
sector, the Federal Financial Supervisory Authority
("BaFin"), published a new circular
titled Rundschreiben 10/2017 (BA) vom 3. November 2017
– Bankaufsichtliche Anforderungen an die IT (in English:
Circular 10/2017 – Regulatory Requirements for
IT-Systems – "BAIT"). The BAIT is
available in German language at the BaFin's website. The final
version of the BAIT incorporates a number of revisions that result
from the submissions made by stakeholders in the course of a prior
public consultation. Read the full report on our sister site, the
Technology Law Dispatch.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Finance and Banking from Germany
Asset Recovery Comparative Guide
Bird & Bird
Asset Recovery Comparative Guide for the jurisdiction of UK, check out our comparative guides section to compare across multiple countries
FCA's Consultation Paper
Cadwalader, Wickersham & Taft LLP
Since 3 January 2018, firms that provide portfolio management or investment advice on an independent basis must pay for the research they obtain...
AIFMD II: Main Amendments
Kromann Reumert
The directive amending the Alternative Investment Fund Managers Directive ("AIFMD II") has been adopted and will enter into force on 15 April 2024 with a transposition deadline two years later...
To The Point: Financial Regulation | 03/2024
Schoenherr Attorneys at Law
Welcome to our to the point newsletter. Every month, we are looking back at the most relevant developments in the area of financial regulation in the CEE region.