Risikoreduzierungsgesetz in der Banpraxis
The Risk Reduction Act (RiG) serves to implement the EU banking package (CRR II, CRD V, BRRD II and SRMR II). This affects more than a dozen German laws. Follow the recording of the Banking Academy's webinar, in which experts from KPMG and the German Bankers' Association give their views and answer questions from the banks. Please feel free to give us feedback on the format, content or specific questions that affect you in practice. Please send us an e-mail to email@example.com.
Die unabwendbare Zukunft des Bankwesens
Digitization has been binding financial institutions massively, and not just since COVID-19. In Germany alone, banks have invested billions in new infrastructure and systems as well as in the modernization of structures and processes. And yet they are still under constant pressure: the market and market environment are changing more radically and faster than ever before, and COVID-19 has further accelerated the existing trends toward digitization. New competitors are increasingly attracting customers. Added to this are technology giants and mega-platforms, as well as approaches of over-regulation, which have put an additional strain on the relationship between banks and their customers compared to the largely unregulated tech competition.
Accenture and the Association of German Banks take a look at the crossroads at which banks stand today in a video. Whether it is moving in the direction of a utopia or a dystopia is largely in the hands of the market participants themselves.
The following questions, among others, will be addressed:
- What dynamics is the German banking landscape exposed to and how have these dynamics increased since Covid-19?
- Utopia versus dystopia: What are the ultimate scenarios for banks?
- Which levers do banks have to set in order to navigate into a positive future?
- How can banks position themselves as consultants today and help their customers through the crisis in difficult times?
The presentation will be given by Dr. Markus Hamprecht, Senior Managing Director and Head of the Financial Services Division at Accenture in DACH. Herbert Jütten, Managing Director of the Association of German Banks (Bundesverband deutscher Banken e.V.), Berlin, will be the moderator.
The free video is aimed particularly at business managers, strategy and sales managers.
Mindestanforderungen an das Depotgeschäft (MaDepot)
On August 16, 2019, BaFin published the final version of MaDepot, the circular on the minimum requirements for the orderly provision of custody services and the protection of customer financial instruments for investment service providers. In January 2020, the Banking Association, together with the other associations of the German banking industry, published an initial interpretation guide for implementing the new administrative practice.
The almost 70-minute video with Miye Kohlhase, head of the Banking Association's "Capital Markets and Market Infrastructures" topic group, provides an overview and outlook on topics of particular relevance to auditing. She also represents the Banking Association in the discussions of the banking industry with BaFin and the Institute of Auditors (IDW).
The back office area of custodian banks and securities settlement in particular are affected by the requirements with which BaFin specifies the legal regulations of the WpHG and WpDVerOV for the protection of customer financial instruments.
Nettinganzeige in der Praxis sowie Fragen und Antworten zum neuen BaFin-Formular
With the ECB form for netting notices of significant institutions (SI) to be used from 31 January 2020 and the BaFin form for netting notices of less significant institutions (LSI) published on 17 July 2020 and to be used from 1 October 2020, detailed specifications for the notification of regulatory netting for the purposes of Art. 295 et seq. CRR.
The approximately 80-minute video provides an overview of the new requirements and their practical implementation by the institutions.
The focus is on the BaFin form and the requirements for netting notices by LSI.
Follow the discussion between Dr. Lambert Köhling, Bundesverband deutscher Banken e.V. and Patricia Vornhagen, Deutsche Bank AG, Regulatory Legal.
Blockchain 101 - Eine Einführung in die Funktionsweise, rechtlichen Aspekte und Anwendungsfälle der Blockchain für Banken
Blockchain technology is said to have similar potential to the invention of the Internet. It is far more than the technology behind Bitcoin with the potential to change existing financial market structures and open up new business areas.
The video gives an introduction to the functionality of blockchain and smart contracts. By means of use cases and pilot projects from the banking sector, the main legal aspects of using the block chain technology are explained. In addition to civil and data protection law aspects, supervisory law, the new crypto custody license and the upcoming legislative initiatives of the German government are also highlighted.
Speakers: Dr. Nick Wittek, LL.B. (Partner), Jones Day and Thorsten Höche, Managing Director, Legal Issues Group, Association of German Banks
The almost 70-minute video is aimed particularly at managers, employees from the legal department, the IT department and risk management.
Einsatz von künstlicher Intelligenz im Bankwesen
The topic of artificial intelligence is increasingly influencing the banking industry. It has many facets, ranging from the improvement of internal processes in the front and back office to customer interaction. Especially the topics strategy and decision making are increasingly influenced by the topic AI.
Deloitte Consulting and the German Banking Association present the topic of AI in banking in a 90-minute video, with increased reference to the acute topic of Covid-19.
The following questions, among others, will be addressed:
- What are the application areas of AI in banking?
- What are exemplary observations of AI-based research on Covid-19 in banking?
- How does AI-based strategy development work - in the context of Covid-19 and commercial real estate?
- What are the possibilities to efficiently observe the banking environment with A.I.?
Speakers are Dr. Florian Klein, Head of Deloitte's Center for the Long View and Dr. Oliver Fink, Director of Banking Operations at Deloitte Consulting. Frank Mehlhorn, Director of the Association of German Banks, Berlin, will moderate the conference.
The video is aimed particularly at business and personnel managers.
Die EONIA- und €STR-Zusatzvereinbarungen zu den deutschen Rahmenverträgen – Vorstellung der Dokumentation + Fragen und Antworten
On 25 May 2020, the Supplementary Agreement for the transition from EONIA (Euro OverNight Index Average) to €STR (EONIA Supplementary Agreement) and the Supplementary Agreement for €STR Successor Regulations (€STR Supplementary Agreement) to the German Master Agreements for Financial Transactions were published.
The EONIA and €STR Supplementary Agreements enable the contracting parties to replace references to the EONIA in provisions in collateralization annexes or collateralization regulations, in individual financial statements or other framework contractual regulations, and to agree on succession regulations. The modular structure of the documentation with a wide range of selection and supplementation options in the annexes allows the contracting parties to adapt the scope and coverage to their individual needs.
In the approximately 1 1/2 hour video the new documentation is presented and questions about it are discussed.
The discussion is led by:
- Claudia Grabbe, BNP Paribas Niederlassung Deutschland
- Dr. Lambert Köhling, Bundesverband deutscher Banken
- Andrea Kraft, Deutsche Bank AG
- Dr. Phlipp Nordloh, DZ Bank AG
- Marc Voelcker, Linklaters
The video is aimed in particular at employees of institutions, companies and other market participants involved in contractual documentation for financial transactions.
ARUG II: First considerations on corporate actions
Together with its members, the Association of German Banks has developed initial interpretation aids for the implementation of the new requirements for the handling of corporate actions.
See Guideline Module 3 - Version 1.0 with Annex (Corporate Actions) on the Banking Association's website: Auslegungs- und Anwendungshinweise
The video with Dr. Stefanie Heun, Director in the Capital Markets and Market Infrastructures and Retail Banking and Consumer Protection topic groups of the German Banking Association, provides an overview and outlook on upcoming publications on the implementation of ARUG II.
The back office area of custodian banks and securities settlement are particularly affected by the new regulations of the second shareholders' rights directive (ARUG II).
Update Nachhaltigkeit: Regulierungsvorhaben, Initiativen und Aktivitäten
The forthcoming revision of the EU Sustainable Finance Agenda, as well as the many other activities at international, European and national level relating to the topic of sustainable finance, are leading to intensive debate within the banking community. Despite the Corona crisis, discussions and legislation are continuing here.
It is becoming increasingly challenging to correctly classify the large number of initiatives being driven forward at the same time and the significance of individual activities. In addition, the pressure to act continues to increase due to the ongoing post-corona planning.
The video (length approximately 25-minutes) gives participants an overview of the current state of work at European level (taxonomy, disclosure and benchmark regulations: Level 2 activities; MiFID II), on the initiatives of the Federal Government (including the Sustainable Finance Strategy, Climate Protection Act, National Action Plan for Business and Human Rights) and on the practical implementation aids provided by the German Banking Association.
Speakers: Nikolai Lenarz, Head of Retail Banking and Consumer Protection and Peter Jonach, Associate Director, both Association of German Banks, Berlin
The video is particularly aimed at employees from the areas of fund business, credit risk management, securities business, compliance, financing, risk management, asset management, regulatory affairs and press/public relations.
You can order this video here at a price of 59,- Euro plus VAT. Alternatively, please send us an e-mail to firstname.lastname@example.org.
Business Continuity Management
BCM, or "emergency management", prepares companies for risks that threaten the company and ensures the continuation of significant processes. The corona crisis makes it clear that emergencies do not only occur in theory, but can also find their way into social reality at a rapid pace.
The aim of the video (length: approximately 2.5-hours) is to develop a common understanding of the requirements for a modern, efficient BCM. Based on this, various design options are discussed and possible approaches for practical implementation in the context of different institute sizes are evaluated. In particular, the topic of pandemics will also be addressed.
Main topics of the video are:
- Current Threat Situation - Focus Pandemic
- Corona retrospective ("The last 8 weeks")
- The BSI 100-4 will soon become the 200-4
- Status of the planned changes and adjustments ("stage model")
- Updated glossary
- Current Threat Situation - Focus on Pandemic
- Corona View ("What's next?")
- Good-Practice Guideline (GPG) 2018 - Highlights and added value
It will be presented by Uwe Naujoks, partner and head of the Risk Management Division at WG-DATA GmbH in Berlin.
You can order this video here at a price of 198,- Euro plus VAT. Alternatively you can send us an e-mail to email@example.com.
Zahlungsverkehr in der Bankpraxis
This approximately 80-minute video, recorded on April 30, 2020, deals with current and upcoming issues of payment transactions in banking practice.
The following aspects, among others, are highlighted:
- What significance do the changes have for the processing of payment transactions and for the banks' product portfolio?
- Which requirements for settlement processes and clearing and settlement must we expect in the future?
- What expectations do the ECB and Deutsche Bundesbank have of the credit institutions in view of increasing competition from FinTechs and BigTechs?
The consolidation of the TARGET 2 and TARGET for Securities systems and the mandatory migration to the ISO 20022 standard for payment transactions and cash management by the Eurosystem and SWIFT mean that major projects in the payments area are on the horizon.
- Where do the projects stand? What support can e.g. SWIFT provide?
- How can relevant processes and procedures be converted?
- What does the conversion of data standards mean for corporate customers in the long term?
You will also receive information on:
- Changes in the DFÜ agreement as of November 2020
- Content of the SWIFT Standard Release November 2020
- Status of the migration project T2/T2S
- Status for Instant Payments / Possible changes of the EPC to the SEPA schemes
Speaker: Gerd Pöhl, GWPÖHL SEMINARE
Kurzarbeit - Best Practice in Zeiten der Corona-Krise
In view of the Corona crisis, the German Bundestag and Bundesrat passed the law on 13 March 2020 to temporarily improve the regulations for short-time working compensation in response to the crisis. The requirements for receiving short-time working compensation have been reduced and the benefits have been expanded. In this video, Burkhard Fabritius, MBA, attorney, partner and specialist for labour law at Görg Partnerschaft von Rechtsanwälten mbB, Hamburg, will present the key points and other labour law instruments for handling the crisis.
The following aspects will be addressed among others:
- Vacation remaining 2019
- Dealing with working time credits
- Vacation 2020
- Short-time work compensation
- Compensation claims under IfSG
The approximately one-hour video, recorded on 26 March 2020, is aimed in particular at business and personnel managers.
BaFin-Merkblatt zum Umgang mit Nachhaltigkeitsrisiken
Before Christmas, the Federal Financial Supervisory Authority (BaFin) published its final leaflet on dealing with sustainability risks.
The consideration of so-called ESG risks (environmental, social and governance) is currently the focus of national and international regulators. In its 33-page leaflet, BaFin provides the companies it supervises with guidance on how to integrate such risks appropriately in risk management. In the approximately 50-minute video, Torsten Jäger and Peter Jonach show why the topic of sustainability is relevant for banks, which initiatives are being launched in an international and European context and which concrete proposals BaFin considers appropriate to meet the new challenges.
The video, recorded in January 2020, is aimed particularly at managers, risk management staff and those responsible for sustainability.