MaRisk, which stands for Mindestanforderungen an das Risikomanagement (Minimum Requirements for Risk Management), are German regulatory requirements established by the German Federal Financial Supervisory Authority (BaFin) for banks and financial institutions. They outline the minimum standards for risk management practices, covering areas like credit risk, market risk, operational risk, and liquidity risk. MaRisk aims to ensure the stability and soundness of financial institutions by mandating comprehensive risk management frameworks and processes. These guidelines require institutions to identify, measure, monitor, and control their risks effectively.
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