The German BaFin's "new" 2017 MaRisk, which form part of general conduct of business rules, are increasingly part of the supervisory cycle for existing firms active in Germany as well as those expanding business there due to Brexit or otherwise. Despite the on-going Europeanisation of financial services regulation in the EU-27 and notably in the Eurozone, the MaRisk set a distinctive tone and one that may be unfamiliar for a range of domestic as well as international firms. Our Client Alert, which forms part of a series on the different "Ma's" looks at what these rules mean for market participants, how it fits into the wider regulatory reform agenda from EU as well as German policymakers and what steps affected firms may wish to consider.
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