RRegulatory
Der Bafin-Jahresbericht 2025: Zwischen Cyber-Resilienz, Geldwäscheprävention und dem Blick nach Europa The BaFin Annual Report 2025: Between Cyber Resilience, Anti-Money Laundering and a European Perspective
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  • 5 minute read

The BaFin Annual Report 2025: Between Cyber Resilience, Anti-Money Laundering and a European Perspective

The BaFin Annual Report 2025 highlights a profound transformation of financial supervision. Alongside cyber resilience, DORA and ESG regulation, data-driven supervision, anti-money laundering and stronger European harmonisation are moving centre stage. At the same time, requirements for governance, IT structures and management accountability are increasing significantly.
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FFinTech
BaFin puts turbo certificates on a tight leash 1
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  • 2 minute read

BaFin puts turbo certificates on a tight leash

General ruling to restrict the marketing, distribution and sale of turbo certificates to retail investors With its general ruling, BaFin imposed restrictions on the marketing, distribution and sale of turbo certificates. It sets out strict conditions for all sales activities relating to turbo certificates targeting retail investors.
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FFinTech
MaGo-Novellierung in Kraft – Versicherer sollten sich die weiterentwickelte Sichtweise der BaFin zu Herzen nehmen. Seit dieser Woche ist das BaFin-Rundschreiben 09/2025 (VA) zu den aufsichtsrechtlichen Mindestanforderungen an die Geschäftsorganisation von Versicherungsunternehmen unter Solvabilität II (MaGo für SII-VU) in Kraft.
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  • 4 minute read

MaGo Amendment in Force – Insurers Should Take BaFin’s Evolved Perspective to Heart

The revised MaGo (Minimum Requirements for the Business Organisation) issued by BaFin came into force in October 2025. It places greater emphasis on structured documentation, governance responsibilities, and the overall accountability of the management board. Updates include guidance on sustainability risks, automated processes, and group governance. Existing requirements – such as those on ORSA or the Prudent Person Principle – remain valid. Insurers must not only adapt their structures but also implement them effectively in practice.
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