This glossary contains terms and abbreviations in the field of regulatory reporting. It should help you to get a quick and general overview of the respective terms.
The Minimum Requirements for Risk Management (German: Mindestanforderungen für das Risikomanagement; MaRisk) are a national German administrative order published by the Federal Financial Supervisory Authority (BaFin) on December 20, 2005. They refer to §25 of the German Banking Act (KWG) and support the direct transposition of Pillar II of Basel II and Basel III.
The Market Risk is the risk of financial losses such as interest and share price risks of the trading book, raw material risks, foreign currency risks as well as other risks.
The Minimum Requirements for Defining Recovery Plans (German: Mindestanforderungen an die Ausgestaltung von Sanierungsplänen; MaSan) are a national German regulation based on §47 of the German Banking Act (KWG) and deal with the defining of recovery plans for financial institutions potentially endangering the system in Germany to enforce their resistance.
The framework for Measuring and Controlling Large Exposure (MCLE) is a standard from the Basel Committee on Banking Supervision (BCBS). It is the harmonized regulation for Large Exposure (LE), where all of the basics for this topic such as exposure value, receivables classes or regulations for Large Exposures of Global Systemically Important Banks (G-SIBs) are determined.
The Markets in Financial Instruments Directive (MiFID) is an extension of the national regulations for the processing of financial services by the EU. Key points are regulations concerning investor protection, higher transparency for financial markets as well as the integrity of financial services providers.
The second Directive on Markets in Financial Instruments (MiFID II) is a revision of the original Markets in Financial Instruments Directive (MiFID). MiFID II was published in tandem with the Regulation on Markets for Financial Instruments (MiFIR).
The Financial Markets Regulation (MiFIR) was introduced at the same time as the second Markets in Financial Instruments Directive (MiFID II) and is a detailed revision of the Markets in Financial Instruments Directive (MiFID). In contrast to MiFID, MiFIR is a regulation and thus valid directly across the EU, without having to first be implemented by the member states.
The Money Market Statistical Reporting (MMSR) is a comprehensive survey of the properties and functions of the European money market. Since April 2016 all statistical data in EUR transacted money market transactions have been collected daily. The objective is to receive broader information about money market activities and conditions in the European Monetary Union.
The German Monthly Returns Regulation (German: Monatsausweisverordnung; MonAWV) provides for monthly reportings of asset status, profit and loss account.
The Minimum Requirement for Own Funds and Eligible Liabilities (MREL) are part of the Single Resolution Mechanism (SRM) and the Bank Recovery and Resolution Directive (BRRD). Complex institutions should maintain enough liabilities to be resolved without the use of public tax money in the case of a threat to their continued existence. The level of this rate is individually determined for each institution and should ensure, that institutions with a similar risk profile, size and business model have comparable MREL rates in all EU countries. The Total Loss-Absorbing Capacity (TLAC) is also interesting while considering the MREL.
The Monitoring Tools for Intraday Liquidity Management (MTILM) are a quantitative reporting requirement from the Basel Committee on Banking Supervision (BCBS) in terms of liquidity in- and outflows within a business day as well as the available liquidity sources in the beginning of a business day for internationally active banks.