Financial Crime World

Here is the rewritten article in markdown format:

Financial Institutions in Germany Confront New Challenges in Compliance and Efficiency

Regulation remains a key driver of change in the financial sector, with new requirements addressing social developments and having an increasing impact on business and operating models. This shift has significant implications for the role and scope of tasks within financial institutions.

Evolving C-Level Agenda

Compliance with regulatory requirements remains essential, but the C-level agenda is no longer solely driven by regulation. With the economic environment remaining difficult, efficiency and optimization through technological innovations are becoming increasingly important for institutions.

Challenges Faced by German Financial Institutions

German financial institutions are facing numerous challenges in this context. For instance:

  • Compliance with the latest regulatory changes to CRR III and ESG reporting is not only complex but also requires prioritization of possible implementation and localization of responsibilities.
  • Our experts provide support in designing institution-wide standards and methods, as well as identifying, evaluating, and coordinating regulatory changes.

Services Offered

Our team assists with:

  • IT-driven reporting
  • ECB onboarding
  • Internal audit processes at financial institutions and securities firms
  • Regulatory issues

We offer specialized expertise to help clients navigate the complexities of compliance.

Regulatory Topics Covered

From MaRisk compliance to WpHG governance and tax compliance, our experts provide comprehensive support across a range of topics. Additionally, we stay up-to-date with the latest developments in Reg-Tech, utilizing innovative technologies to streamline processes within the strictly regulated financial market environment.

ESG Reporting Services

For ESG reporting, we offer guidance on:

  • Pillar III ESG disclosure
  • EU taxonomy
  • CSRD
  • Supply chain due diligence law (LkSG)

Our machine learning tools can even help reduce false positive hits in sanctions screening.

Stay Informed and Explore More

Stay informed about the latest developments in compliance and regulatory requirements through our German-language newsletter. Additionally, explore our publications and podcasts for more insights into financial institution compliance in Germany.

Get in Touch

For further information or to schedule a consultation with one of our experts, please contact us today.