IT risk management: protection needs analysis for IDVs, adaptation of existing software

Requirements for risk minimisation in MaRisk provide for the recognition, assessment and implementation of measures in the case of systemically relevant IDVs. The Minimum Requirements for Risk Management (BA), abbreviated MaRisk (BA), are administrative instructions published in a circular by the Federal Financial Supervisory Authority (BaFin) for the design of risk management in German credit institutions. The new calculation of the need for protection provides a stricter grid and results in significantly more applications being classified as needing protection.