Dr. Christian Schwartz
One of the central objectives of BaFin’s regulatory requirements is to ensure effective risk management. Satisfying the increasing number of requirements means more personnel expenditure and organizational and technological effort. We work with our clients to develop cyber security strategies, define long-term goals and guide harmonization with new financial regulatory requirements.”
3 Lines-of-Defense Model
The 3 lines-of-defense modelhas established itself as a means to identify and manage risks. We specialize in consulting and support services relating to the 1st and 2nd Lines of Defense.
The topic of IT is a key focus in supervisory special audits. The aim of this approach is to increase IT security in the market and raise the IT risk awareness among the companies affected.
The requirements of the German Federal Financial Supervisory Authority (BaFin) contain an adaptive and practice-oriented framework for the technical and organizational design of IT. With a focus on the management of IT resources and on IT risk management, they entail not inconsiderable adjustments to the internal organizational structure.
Supervisory Requirements for IT in Financial Institutions
Supervisory Requirements for IT in German Asset Managers
Supervisory Requirements for IT in Payment and E-Money Institutions
Supervisory Requirements for IT in Insurance Undertakings
“For a successful harmonization project, it is important for institutions to choose the right partner for implementation. We combine the required expert knowledge in information security with extensive experience in regulatory projects in the banking environment. We look forward to assisting you with our expertise.”
Project Support for Information Security in Finance
The impact a new project will have on information security in finance must be considered as early as possible.
Ensuring information security while selecting, prioritizing and planning projects
Project management with a special focus on information security
Working on concrete work packages that are part of the project