Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 94

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 94
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4 on Form 20-F |

Regulation and Supervision Deutsche Bank’s operations throughout the world are regulated and supervised by the relevant authorities in each of the jurisdictions where the bank conducts business. Such regulation relates to licensing, capital adequacy, liquidity, risk concentration, conduct of business as well as organizational and reporting requirements. It affects the type and scope of the business the bank conducts in a country and how it structures its operations. Highlights On October 27, 2021, the European Commission published a proposal for a comprehensive package of reforms with respect to European Union banking rules (“Banking Package 2021”) to ensure that banks become more resilient to potential future economic shocks while contributing to the European Union’s recovery from the COVID-19 pandemic and its transition to climate neutrality. The proposals have aimed to amend the Capital Requirements Regulation (“CRR”), the Capital Requirements Directive (“CRD”) and the Bank Recovery and Resolution Directive (“BRRD”). The amendment of the CRR and CRD (commonly referred to as “CRR3” and “CRD 6”) finalize, in particular, the implementation of the Basel III framework in the European Union and also fully implement the market risk capital changes in the Fundamental Review of the Trading Book (“FRTB”). Another separate proposal entailed combined amendments to the CRR and the BRRD with respect to the resolution regime. After adoption by the European Parliament and the Council, CRR3 and CRD 6 were published in the EU Official Journal on 19 June, 2024 and entered into force 20 days later on 9 July, 2024. CRR3 applies from January 1, 2025, with certain elements of the regulation being phased in over subsequent years. With some exceptions regarding transposition and application dates, the European Member States shall, in principle, adopt and publish, by 10 January 2026, the laws, regulations and administrative provisions necessary to comply with CRD 6 and apply those measures from 11 January 2026. CRR3 and CRD 6 include, among other things, a gradually introduced output floor establishing minimum risk-weighted assets that will ultimately be set at 72.5% of the risk weighted assets calculated under the standardized approach, changes to standardized and internal ratings-based approaches for determining credit risk, changes to the credit valuation adjustment, a revision of the approaches for operational risks and reforms to the market risk framework as set out in the FRTB, adjustments to the Pillar 2 requirements and