Legal basis for banking supervision — a list of the key regulations relating to the Deutsche Bundesbank's supervisory activities. The rules previously contained in the Solvency Regulation requiring institutions to maintain adequate capital to cover credit, market and operational risk are now mostly governed by the directly applicable Capital Requirements Regulation CRR. The Solvency Regulation was therefore recast and shortened considerably. Amongst other things, the recast Solvency Regulation contains procedural rules on the application and notification obligations set forth in the CRR , particularly those dictating the format of notifications and reports and the manner in which they are submitted to the supervisory authorities. The CRR grants national authorities a degree of discretion with regard to a number of provisions. The Solvency Regulation chiefly uses this scope for the internal approaches to calculating capital requirements.
PaySys-Report – PaySys
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