Regulatory affairs
Rebuilding after the financial crisis
As a result of the global financial crisis, regulators and industry alike acknowledge the need to rebuild the financial system. Under the political leadership of the Group of Twenty (G20), proposals for regulatory changes were developed that address nearly every aspect of the current regulatory regime and its institutional architecture.
Given this environment, Deutsche Bank’s Government & Regulatory Affairs department (GRAD) has been further strengthened to be able to continue making a substantial contribution to the ongoing regulatory debate on the global financial system.
A Regulatory Affairs Steering Committee (RAC), chaired by the Chief Risk Officer, governs the Group-wide involvement in the regulatory debate on the future of the global financial system. This emphasizes the growing importance of new regulatory developments for the financial sector.
Central “Regulatory Policy Team”
A central Regulatory Policy Team globally coordinates and manages work on a large number of current regulatory issues and provides assistance in compiling up-to-date statements. The team is in direct contact with regulators and legislators and is supported by the three governmental affairs offices in Berlin, Brussels, and Washington. In addition to Deutsche Bank statements issued on regulatory initiatives, the bank via international and national banking associations is involved in all relevant statements published by the financial sector, representing about three regulatory initiatives per month.
Communication with regulators
Formulating the bank’s positions on regulatory initiatives is a key component of GRAD’s mandate. The Regulatory Contact Office (RCO) supports professional and consistent communication with home and key host regulators abroad.