Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 95

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 95
---
 the systemic risk buffer (“SyRB”), a “fit-and-proper” set of rules for the senior staff managing banks, minimum requirements for the prudential supervision of third-country branches, and a provision for future dedicated legislation on the prudential treatment of crypto asset exposures and interim own-funds requirements for certain crypto-asset exposures. Other measures address sustainability risks by requiring banks to identify, disclose and manage environmental, social and governance risks as part of their risk management framework and include regular climate stress testing by the banks’ supervisors. CRR3 and CRD 6 do not entail any adjustments to the capital requirements for green or brown assets. Rather, climate-related risks are captured by the existing EU risk-based prudential framework. Certain proposals laid out in the Banking Package 2021 included clarifications to the total loss absorbing capacity (“TLAC”) as well as the minimum requirement for own funds and eligible liabilities (“MREL”) regimes. In October 2022, a regulation regarding the prudential treatment of global systemically important institutions (“G-SIIs”) with a multiple-point-of-entry resolution strategy and the indirect subscription of instruments eligible for meeting MREL (the so-called “Daisy Chain Regulation”) was published in the EU Official Journal, making targeted changes to CRR and BRRD in respect of MREL and TLAC. The changes included the introduction of a deduction regime requiring intermediate parents to deduct from their own internal MREL capacity the amount of their holdings of internal MREL eligible instruments, including own funds, issued by their subsidiaries belonging to the same resolution group, which became effective on January 1, 2024. According to an assessment conducted by the EBA, the full implementation of the Basel III framework in the European Union could lead to an increase in the minimum capital requirements of all European banks of 9% and 16% for G-SIIs. The implementation of CRR3 and CRD 6 has the potential to increase Deutsche Bank’s risk-weighted assets and will likely affect its business by raising its regulatory capital and liquidity requirements and by leading to increased costs. Deutsche Bank AG is authorized and regulated by the European Central Bank (“ECB”) and the German Federal Financial Supervisory Authority ( Bundesanstalt für Finanzdienstleistungsaufsichtor “BaFin”). Following the departure of the United Kingdom (UK) from the European Union as a result of Brexit, and European Union law ceasing to be applicable in the UK as from end of 2020, Deutsche Bank