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ARTICLE · 11 FEBRUARY 2025

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Regulatory Monitoring Newsletter, January 2025

A&O Shearman
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BaFin has published its annual report on the risks it will focus on throughout the year in English and German. It sets out the main risks that BaFin...

GlobalTechnology
Alexander Behrens
Alexander Behrens
Dorothee Atwell
Dorothee Atwell
Stephan Funck
Stephan Funck
Daniela Schmitt
Daniela Schmitt
Martina Stegmaier
Martina Stegmaier
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1. Bank regulation

1.1 PRUDENTIAL REGULATION

a) General

(i) Germany

BaFin: Report on risks in focus 2025 (Report über Risiken im Fokus 2025)

Status: Final

BaFin has published its annual report on the risks it will focus on throughout the year in English and German. It sets out the main risks that BaFin has identified for the financial stability or integrity of the financial markets in Germany and that it will pay particularly close attention to in 2025. In particular, BaFin sets out that natural disasters which are made more likely by climate change, international tensions and the weak domestic economy could create new risks for the German financial system or exacerbate existing risks. It therefore urges companies in the German financial sector to ensure that their risk management incorporates more comprehensive information on the consequences of climate change in order to diminish the impact of extreme weather or natural disasters in the form of major

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