i Table of contents 648

Banking Regulation 2025

Definitive global law guides offering comparative analysis from top-ranked lawyers

INTRODUCTION		6
Contributed by Johannes de Jong, Osborne Clarke N.V.		6
ANDORRA		11
Law and Practice		11
Contributed by Cases & Lacambra		11
AUSTRIA		27
Trends and Developments		27
Contributed by DLA Piper Weiss-Tessbach		27
BRAZIL		34
Law and Practice		34
Contributed by Magalhães & Zettel		34
Trends and Developments		54
Contributed by Magalhães & Zettel		54
BRITISH VIRGIN ISLANDS		62
Law and Practice		62
Contributed by Walkers		62
BULGARIA		71
Law and Practice		71
Contributed by Penkov, Markov & Partners		71
CHILE		91
Law and Practice		91
Contributed by Moraga & Cía.		91
Trends and Developments		106
Contributed by Moraga & Cía.		106
COSTA RICA		113
Law and Practice		113
Contributed by Zurcher, Odio & Raven		113
CYPRUS		130
Law and Practice		130
Contributed by Georgiades & Pelides		130
Trends and Developments		149
Contributed by Georgiades & Pelides		149
CZECH REPUBLIC		154
Law and Practice		154
Contributed by BBH, advokátní kancelář, s.r.o.		154
Trends and Developments		165
Contributed by BBH, advokátní kancelář, s.r.o.		165
EGYPT		172
Law and Practice		172
Contributed by Matouk Bassiouny		172
FRANCE		186
Law and Practice		186
Contributed by Lacourte Raquin Tatar		186
Trends and Developments		206
Contributed by Kramer Levin Naftalis & Frankel		206
GREECE		211
Law and Practice		211
Contributed by Zepos & Yannopoulos		211
Trends and Developments		233
Contributed by Zepos & Yannopoulos		233
IRELAND		240
Law and Practice		240
Contributed by Dillon Eustace LLP		240
JAPAN		266
Law and Practice		266
Contributed by Anderson Mori & Tomotsune		266
Trends and Developments		278
Contributed by Anderson Mori & Tomotsune		278
KUWAIT		284
Law and Practice		284
Contributed by International Counsel Bureau – Lawyers and Legal Consultants		284
Trends and Developments		315
Contributed by International Counsel Bureau – Lawyers and Legal Consultants		315
LIECHTENSTEIN		320
Law and Practice		320
Contributed by Schurti Partners Attorneys at Law Ltd		320
LUXEMBOURG		340
Trends and Developments		340
Contributed by A&O Shearman		340
MAURITIUS		348
Law and Practice		348
Contributed by BLC Robert & Associates		348
MEXICO		372
Law and Practice		372
Contributed by Ritch, Mueller y Nicolau, S.C.		372
Trends and Developments		391
Contributed by Ritch, Mueller y Nicolau, S.C.		391
NETHERLANDS		399
Law and Practice		399
Contributed by Osborne Clarke N.V.		399
Trends and Developments		421
Contributed by Osborne Clarke N.V.		421
PARAGUAY		429
Law and Practice		429
Contributed by Fiorio, Cardozo & Alvarado		429
PERU		442
Law and Practice		442
Contributed by Rubio Leguía Normand		442
Trends and Developments		457
Contributed by Rubio Leguía Normand		457
POLAND		462
Law and Practice		462
Contributed by Sołtysiński Kawecki & Szlęzak		462
Trends and Developments		481
Contributed by Sołtysiński Kawecki & Szlęzak		481
PORTUGAL		489
Law and Practice		489
Contributed by VdA		489
Trends and Developments		510
Contributed by Abreu Advogados		510
SENEGAL		518
Law and Practice		518
Contributed by SCP Houda & Associés		518
Trends and Developments		532
Contributed by SCP Houda & Associés		532
SWEDEN		539
Law and Practice		539
Contributed by Harvest Advokatbyrå		539
Trends and Developments		560
Contributed by Harvest Advokatbyrå		560
SWITZERLAND		567
Law and Practice		567
Contributed by Loyens & Loeff		567
TAIWAN		588
Law and Practice		588
Contributed by Lee and Li, Attorneys-at-Law		588
Trends and Developments		606
Contributed by Lee and Li, Attorneys-at-Law		606
UGANDA		614
Trends and Developments		614
Contributed by AF Mpanga		614
USA		620
Law and Practice		620
Contributed by Moore & Van Allen, PLLC		620
Trends and Developments		641
Contributed by Freshfields		641
1. Legal Framework		13
1.1 Key Laws and Regulations		13
2. Authorisation		15
2.1 Licences and Application Process		15
3. Changes in Control		16
3.1 Requirements for Acquiring or Increasing Control Over a Bank		16
4. Governance		17
4.1 Corporate Governance Requirements		17
4.2 Registration and Oversight of Senior Management		18
4.3 Remuneration Requirements		19
5. AML/KYC		20
5.1 AML and CFT Requirements		20
6. Depositor Protection		20
6.1 Deposit Guarantee Scheme (DGS)		20
7. Prudential Regime		21
7.1 Capital, Liquidity and Related Risk Control Requirements		21
8. Insolvency, Recovery and Resolution		23
8.1 Legal and Regulatory Framework		23
9. ESG		24
9.1 ESG Requirements		24
10. DORA		25
10.1 DORA Requirements		25
11. Horizon Scanning		25
11.1 Regulatory Developments		25
1. Legal Framework		37
1.1 Key Laws and Regulations		37
2. Authorisation		37
2.1 Licences and Application Process		37
3. Changes in Control		39
3.1 Requirements for Acquiring or Increasing Control Over a Bank		39
4. Governance		40
4.1 Corporate Governance Requirements		40
4.2 Registration and Oversight of Senior Management		41
4.3 Remuneration Requirements		41
5. AML/KYC		42
5.1 AML and CFT Requirements		42
6. Depositor Protection		44
6.1 Deposit Guarantee Scheme (DGS)		44
7. Prudential Regime		44
7.1 Capital, Liquidity and Related Risk Control Requirements		44
8. Insolvency, Recovery and Resolution		46
8.1 Legal and Regulatory Framework		46
9. ESG		48
9.1 ESG Requirements		48
10. DORA		50
10.1 DORA Requirements		50
11. Horizon Scanning		51
11.1 Regulatory Developments		51
1. Legal Framework		64
1.1 Key Laws and Regulations		64
2. Authorisation		64
2.1 Licences and Application Process		64
3. Changes in Control		65
3.1 Requirements for Acquiring or Increasing Control Over a Bank		65
4. Governance		66
4.1 Corporate Governance Requirements		66
4.2 Registration and Oversight of Senior Management		67
4.3 Remuneration Requirements		67
5. AML/KYC		67
5.1 AML and CFT Requirements		67
6. Depositor Protection		68
6.1 Deposit Guarantee Scheme (DGS)		68
7. Prudential Regime		68
7.1 Capital, Liquidity and Related Risk Control Requirements		68
8. Insolvency, Recovery and Resolution		69
8.1 Legal and Regulatory Framework		69
9. ESG		70
9.1 ESG Requirements		70
10. DORA		70
10.1 DORA Requirements		70
11. Horizon Scanning		70
11.1 Regulatory Developments		70
1. Legal Framework		74
1.1 Key Laws and Regulations		74
2. Authorisation		75
2.1 Licences and Application Process		75
3. Changes in Control		76
3.1 Requirements for Acquiring or Increasing Control Over a Bank		76
4. Governance		77
4.1 Corporate Governance Requirements		77
4.2 Registration and Oversight of Senior Management		78
4.3 Remuneration Requirements		79
5. AML/KYC		79
5.1 AML and CFT Requirements		79
6. Depositor Protection		81
6.1 Deposit Guarantee Scheme (DGS)		81
7. Prudential Regime		83
7.1 Capital, Liquidity and Related Risk Control Requirements		83
8. Insolvency, Recovery and Resolution		84
8.1 Legal and Regulatory Framework		84
9. ESG		86
9.1 ESG Requirements		86
10. DORA		87
10.1 DORA Requirements		87
11. Horizon Scanning		88
11.1 Regulatory Developments		88
1. Legal Framework		93
1.1 Key Laws and Regulations		93
2. Authorisation		94
2.1 Licences and Application Process		94
3. Changes in Control		96
3.1 Requirements for Acquiring or Increasing Control Over a Bank		96
4. Governance		98
4.1 Corporate Governance Requirements		98
4.2 Registration and Oversight of Senior Management		99
4.3 Remuneration Requirements		99
5. AML/KYC		100
5.1 AML and CFT Requirements		100
6. Depositor Protection		101
6.1 Deposit Guarantee Scheme (DGS)		101
7. Prudential Regime		101
7.1 Capital, Liquidity and Related Risk Control Requirements		101
8. Insolvency, Recovery and Resolution		102
8.1 Legal and Regulatory Framework		102
9. ESG		103
9.1 ESG Requirements		103
10. DORA		105
10.1 DORA Requirements		105
11. Horizon Scanning		105
11.1 Regulatory Developments		105
1. Legal Framework		116
1.1 Key Laws and Regulations		116
2. Authorisation		118
2.1 Licences and Application Process		118
3. Changes in Control		119
3.1 Requirements for Acquiring or Increasing Control Over a Bank		119
4. Governance		120
4.1 Corporate Governance Requirements		120
4.2 Registration and Oversight of Senior Management		121
4.3 Remuneration Requirements		122
5. AML/KYC		123
5.1 AML and CFT Requirements		123
6. Depositor Protection		124
6.1 Deposit Guarantee Scheme (DGS)		124
7. Prudential Regime		125
7.1 Capital, Liquidity and Related Risk Control Requirements		125
8. Insolvency, Recovery and Resolution		126
8.1 Legal and Regulatory Framework		126
9. ESG		127
9.1 ESG Requirements		127
10. DORA		128
10.1 DORA Requirements		128
11. Horizon Scanning		129
11.1 Regulatory Developments		129
1. Legal Framework		133
1.1 Key Laws and Regulations		133
2. Authorisation		133
2.1 Licences and Application Process		133
3. Changes in Control		135
3.1 Requirements for Acquiring or Increasing Control Over a Bank		135
4. Governance		136
4.1 Corporate Governance Requirements		136
4.2 Registration and Oversight of Senior Management		137
4.3 Remuneration Requirements		139
5. AML/KYC		139
5.1 AML and CFT Requirements		139
6. Depositor Protection		140
6.1 Deposit Guarantee Scheme (DGS)		140
7. Prudential Regime		142
7.1 Capital, Liquidity and Related Risk Control Requirements		142
8. Insolvency, Recovery and Resolution		144
8.1 Legal and Regulatory Framework		144
9. ESG		147
9.1 ESG Requirements		147
10. DORA		147
10.1 DORA Requirements		147
11. Horizon Scanning		147
11.1 Regulatory Developments		147
1. Legal Framework		157
1.1 Key Laws and Regulations		157
2. Authorisation		158
2.1 Licences and Application Process		158
3. Changes in Control		159
3.1 Requirements for Acquiring or Increasing Control Over a Bank		159
4. Governance		159
4.1 Corporate Governance Requirements		159
4.2 Registration and Oversight of Senior Management		160
4.3 Remuneration Requirements		160
5. AML/KYC		161
5.1 AML and CFT Requirements		161
6. Depositor Protection		161
6.1 Deposit Guarantee Scheme (DGS)		161
7. Prudential Regime		162
7.1 Capital, Liquidity and Related Risk Control Requirements		162
8. Insolvency, Recovery and Resolution		162
8.1 Legal and Regulatory Framework		162
9. ESG		163
9.1 ESG Requirements		163
10. DORA		163
10.1 DORA Requirements		163
11. Horizon Scanning		164
11.1 Regulatory Developments		164
1. Legal Framework		175
1.1 Key Laws and Regulations		175
2. Authorisation		175
2.1 Licences and Application Process		175
3. Changes in Control		176
3.1 Requirements for Acquiring or Increasing Control Over a Bank		176
4. Governance		177
4.1 Corporate Governance Requirements		177
4.2 Registration and Oversight of Senior Management		177
4.3 Remuneration Requirements		178
5. AML/KYC		178
5.1 AML and CFT Requirements		178
6. Depositor Protection		179
6.1 Deposit Guarantee Scheme (DGS)		179
7. Prudential Regime		179
7.1 Capital, Liquidity and Related Risk Control Requirements		179
8. Insolvency, Recovery and Resolution		181
8.1 Legal and Regulatory Framework		181
9. ESG		183
9.1 ESG Requirements		183
10. DORA		184
10.1 DORA Requirements		184
11. Horizon Scanning		184
11.1 Regulatory Developments		184
1. Legal Framework		189
1.1 Key Laws and Regulations		189
2. Authorisation		190
2.1 Licences and Application Process		190
3. Changes in Control		192
3.1 Requirements for Acquiring or Increasing Control Over a Bank		192
4. Governance		193
4.1 Corporate Governance Requirements		193
4.2 Registration and Oversight of Senior Management		195
4.3 Remuneration Requirements		195
5. AML/KYC		196
5.1 AML and CFT Requirements		196
6. Depositor Protection		198
6.1 Deposit Guarantee Scheme (DGS)		198
7. Prudential Regime		199
7.1 Capital, Liquidity and Related Risk Control Requirements		199
8. Insolvency, Recovery and Resolution		200
8.1 Legal and Regulatory Framework		200
9. ESG		202
9.1 ESG Requirements		202
10. DORA		203
10.1 DORA Requirements		203
11. Horizon Scanning		204
11.1 Regulatory Developments		204
1. Legal Framework		213
1.1 Key Laws and Regulations		213
2. Authorisation		215
2.1 Licences and Application Process		215
3. Changes in Control		217
3.1 Requirements for Acquiring or Increasing Control Over a Bank		217
4. Governance		219
4.1 Corporate Governance Requirements		219
4.2 Registration and Oversight of Senior Management		220
4.3 Remuneration Requirements		221
5. AML/KYC		222
5.1 AML and CFT Requirements		222
6. Depositor Protection		222
6.1 Deposit Guarantee Scheme (DGS)		222
7. Prudential Regime		224
7.1 Capital, Liquidity and Related Risk Control Requirements		224
8. Insolvency, Recovery and Resolution		226
8.1 Legal and Regulatory Framework		226
9. ESG		227
9.1 ESG Requirements		227
10. DORA		229
10.1 DORA Requirements		229
11. Horizon Scanning		231
11.1 Regulatory Developments		231
1. Legal Framework		243
1.1 Key Laws and Regulations		243
2. Authorisation		244
2.1 Licences and Application Process		244
3. Changes in Control		246
3.1 Requirements for Acquiring or Increasing Control Over a Bank		246
4. Governance		247
4.1 Corporate Governance Requirements		247
4.2 Registration and Oversight of Senior Management		248
4.3 Remuneration Requirements		251
5. AML/KYC		252
5.1 AML and CFT Requirements		252
6. Depositor Protection		253
6.1 Deposit Guarantee Scheme (DGS)		253
7. Prudential Regime		254
7.1 Capital, Liquidity and Related Risk Control Requirements		254
8. Insolvency, Recovery and Resolution		256
8.1 Legal and Regulatory Framework		256
9. ESG		258
9.1 ESG Requirements		258
10. DORA		260
10.1 DORA Requirements		260
11. Horizon Scanning		262
11.1 Regulatory Developments		262
1. Legal Framework		268
1.1 Key Laws and Regulations		268
2. Authorisation		268
2.1 Licences and Application Process		268
3. Changes in Control		270
3.1 Requirements for Acquiring or Increasing Control Over a Bank		270
4. Governance		271
4.1 Corporate Governance Requirements		271
4.2 Registration and Oversight of Senior Management		272
4.3 Remuneration Requirements		272
5. AML/KYC		272
5.1 AML and CFT Requirements		272
6. Depositor Protection		273
6.1 Deposit Guarantee Scheme (DGS)		273
7. Prudential Regime		274
7.1 Capital, Liquidity and Related Risk Control Requirements		274
8. Insolvency, Recovery and Resolution		275
8.1 Legal and Regulatory Framework		275
9. ESG		276
9.1 ESG Requirements		276
10. DORA		276
10.1 DORA Requirements		276
11. Horizon Scanning		277
11.1 Regulatory Developments		277
1. Legal Framework		287
1.1 Key Laws and Regulations		287
2. Authorisation		289
2.1 Licences and Application Process		289
3. Changes in Control		292
3.1 Requirements for Acquiring or Increasing Control Over a Bank		292
4. Governance		296
4.1 Corporate Governance Requirements		296
4.2 Registration and Oversight of Senior Management		300
4.3 Remuneration Requirements		300
5. AML/KYC		301
5.1 AML and CFT Requirements		301
6. Depositor Protection		304
6.1 Deposit Guarantee Scheme (DGS)		304
7. Prudential Regime		305
7.1 Capital, Liquidity and Related Risk Control Requirements		305
8. Insolvency, Recovery and Resolution		307
8.1 Legal and Regulatory Framework		307
9. ESG		309
9.1 ESG Requirements		309
10. DORA		311
10.1 DORA Requirements		311
11. Horizon Scanning		313
11.1 Regulatory Developments		313
1. Legal Framework		322
1.1 Key Laws and Regulations		322
2. Authorisation		323
2.1 Licences and Application Process		323
3. Changes in Control		326
3.1 Requirements for Acquiring or Increasing Control Over a Bank		326
4. Governance		327
4.1 Corporate Governance Requirements		327
4.2 Registration and Oversight of Senior Management		328
4.3 Remuneration Requirements		329
5. AML/KYC		330
5.1 AML and CFT Requirements		330
6. Depositor Protection		331
6.1 Deposit Guarantee Scheme (DGS)		331
7. Prudential Regime		333
7.1 Capital, Liquidity and Related Risk Control Requirements		333
8. Insolvency, Recovery and Resolution		334
8.1 Legal and Regulatory Framework		334
9. ESG		336
9.1 ESG Requirements		336
10. DORA		337
10.1 DORA Requirements		337
11. Horizon Scanning		338
11.1 Regulatory Developments		338
1. Legal Framework		350
1.1 Key Laws and Regulations		350
2. Authorisation		351
2.1 Licences and Application Process		351
3. Changes in Control		353
3.1 Requirements for Acquiring or Increasing Control Over a Bank		353
4. Governance		354
4.1 Corporate Governance Requirements		354
4.2 Registration and Oversight of Senior Management		358
4.3 Remuneration Requirements		360
5. AML/KYC		360
5.1 AML and CFT Requirements		360
6. Depositor Protection		361
6.1 Deposit Guarantee Scheme (DGS)		361
7. Prudential Regime		363
7.1 Capital, Liquidity and Related Risk Control Requirements		363
8. Insolvency, Recovery and Resolution		365
8.1 Legal and Regulatory Framework		365
9. ESG		367
9.1 ESG Requirements		367
10. DORA		368
10.1 DORA Requirements		368
11. Horizon Scanning		370
11.1 Regulatory Developments		370
1. Legal Framework		375
1.1 Key Laws and Regulations		375
2. Authorisation		376
2.1 Licences and Application Process		376
3. Changes in Control		378
3.1 Requirements for Acquiring or Increasing Control Over a Bank		378
4. Governance		378
4.1 Corporate Governance Requirements		378
4.2 Registration and Oversight of Senior Management		380
4.3 Remuneration Requirements		380
5. AML/KYC		381
5.1 AML and CFT Requirements		381
6. Depositor Protection		382
6.1 Deposit Guarantee Scheme (DGS)		382
7. Prudential Regime		383
7.1 Capital, Liquidity and Related Risk Control Requirements		383
8. Insolvency, Recovery and Resolution		384
8.1 Legal and Regulatory Framework		384
9. ESG		386
9.1 ESG Requirements		386
10. DORA		388
10.1 DORA Requirements		388
11. Horizon Scanning		389
11.1 Regulatory Developments		389
1. Legal Framework		401
1.1 Key Laws and Regulations		401
2. Authorisation		402
2.1 Licences and Application Process		402
3. Changes in Control		404
3.1 Requirements for Acquiring or Increasing Control Over a Bank		404
4. Governance		405
4.1 Corporate Governance Requirements		405
4.2 Registration and Oversight of Senior Management		406
4.3 Remuneration Requirements		407
5. AML/KYC		408
5.1 AML and CFT Requirements		408
6. Depositor Protection		409
6.1 Deposit Guarantee Scheme (DGS)		409
7. Prudential Regime		411
7.1 Capital, Liquidity and Related Risk Control Requirements		411
8. Insolvency, Recovery and Resolution		413
8.1 Legal and Regulatory Framework		413
9. ESG		415
9.1 ESG Requirements		415
10. DORA		417
10.1 DORA Requirements		417
11. Horizon Scanning		418
11.1 Regulatory Developments		418
1. Legal Framework		432
1.1 Key Laws and Regulations		432
2. Authorisation		432
2.1 Licences and Application Process		432
3. Changes in Control		433
3.1 Requirements for Acquiring or Increasing Control Over a Bank		433
4. Governance		434
4.1 Corporate Governance Requirements		434
4.2 Registration and Oversight of Senior Management		435
4.3 Remuneration Requirements		436
5. AML/KYC		436
5.1 AML and CFT Requirements		436
6. Depositor Protection		437
6.1 Deposit Guarantee Scheme (DGS)		437
7. Prudential Regime		437
7.1 Capital, Liquidity and Related Risk Control Requirements		437
8. Insolvency, Recovery and Resolution		438
8.1 Legal and Regulatory Framework		438
9. ESG		439
9.1 ESG Requirements		439
10. DORA		440
10.1 DORA Requirements		440
11. Horizon Scanning		440
11.1 Regulatory Developments		440
1. Legal Framework		444
1.1 Key Laws and Regulations		444
2. Authorisation		445
2.1 Licences and Application Process		445
3. Changes in Control		446
3.1 Requirements for Acquiring or Increasing Control Over a Bank		446
4. Governance		447
4.1 Corporate Governance Requirements		447
4.2 Registration and Oversight of Senior Management		448
4.3 Remuneration Requirements		449
5. AML/KYC		449
5.1 AML and CFT Requirements		449
6. Depositor Protection		450
6.1 Deposit Guarantee Scheme (DGS)		450
7. Prudential Regime		451
7.1 Capital, Liquidity and Related Risk Control Requirements		451
8. Insolvency, Recovery and Resolution		452
8.1 Legal and Regulatory Framework		452
9. ESG		454
9.1 ESG Requirements		454
10. DORA		455
10.1 DORA Requirements		455
11. Horizon Scanning		456
11.1 Regulatory Developments		456
1. Legal Framework		464
1.1 Key Laws and Regulations		464
2. Authorisation		465
2.1 Licences and Application Process		465
3. Changes in Control		468
3.1 Requirements for Acquiring or Increasing Control Over a Bank		468
4. Governance		469
4.1 Corporate Governance Requirements		469
4.2 Registration and Oversight of Senior Management		470
4.3 Remuneration Requirements		471
5. AML/KYC		472
5.1 AML and CFT Requirements		472
6. Depositor Protection		472
6.1 Deposit Guarantee Scheme (DGS)		472
7. Prudential Regime		474
7.1 Capital, Liquidity and Related Risk Control Requirements		474
8. Insolvency, Recovery and Resolution		475
8.1 Legal and Regulatory Framework		475
9. ESG		476
9.1 ESG Requirements		476
10. DORA		477
10.1 DORA Requirements		477
11. Horizon Scanning		479
11.1 Regulatory Developments		479
1. Legal Framework		492
1.1 Key Laws and Regulations		492
2. Authorisation		493
2.1 Licences and Application Process		493
3. Changes in Control		494
3.1 Requirements for Acquiring or Increasing Control Over a Bank		494
4. Governance		495
4.1 Corporate Governance Requirements		495
4.2 Registration and Oversight of Senior Management		496
4.3 Remuneration Requirements		497
5. AML/KYC		498
5.1 AML and CFT Requirements		498
6. Depositor Protection		499
6.1 Deposit Guarantee Scheme (DGS)		499
7. Prudential Regime		500
7.1 Capital, Liquidity and Related Risk Control Requirements		500
8. Insolvency, Recovery and Resolution		502
8.1 Legal and Regulatory Framework		502
9. ESG		504
9.1 ESG Requirements		504
10. DORA		505
10.1 DORA Requirements		505
11. Horizon Scanning		507
11.1 Regulatory Developments		507
1. Legal Framework		520
1.1 Key Laws and Regulations		520
2. Authorisation		520
2.1 Licences and Application Process		520
3. Changes in Control		523
3.1 Requirements for Acquiring or Increasing Control Over a Bank		523
4. Governance		524
4.1 Corporate Governance Requirements		524
4.2 Registration and Oversight of Senior Management		524
4.3 Remuneration Requirements		525
5. AML/KYC		526
5.1 AML and CFT Requirements		526
6. Depositor Protection		527
6.1 Deposit Guarantee Scheme (DGS)		527
7. Prudential Regime		528
7.1 Capital, Liquidity and Related Risk Control Requirements		528
8. Insolvency, Recovery and Resolution		529
8.1 Legal and Regulatory Framework		529
9. ESG		530
9.1 ESG Requirements		530
10. DORA		531
10.1 DORA Requirements		531
11. Horizon Scanning		531
11.1 Regulatory Developments		531
1. Legal Framework		542
1.1 Key Laws and Regulations		542
2. Authorisation		543
2.1 Licences and Application Process		543
3. Changes in Control		546
3.1 Requirements for Acquiring or Increasing Control Over a Bank		546
4. Governance		547
4.1 Corporate Governance Requirements		547
4.2 Registration and Oversight of Senior Management		548
4.3 Remuneration Requirements		549
5. AML/KYC		551
5.1 AML and CFT Requirements		551
6. Depositor Protection		552
6.1 Deposit Guarantee Scheme (DGS)		552
7. Prudential Regime		552
7.1 Capital, Liquidity and Related Risk Control Requirements		552
8. Insolvency, Recovery and Resolution		553
8.1 Legal and Regulatory Framework		553
9. ESG		555
9.1 ESG Requirements		555
10. DORA		556
10.1 DORA Requirements		556
11. Horizon Scanning		557
11.1 Regulatory Developments		557
1. Legal Framework		569
1.1 Key Laws and Regulations		569
2. Authorisation		570
2.1 Licences and Application Process		570
3. Changes in Control		574
3.1 Requirements for Acquiring or Increasing Control Over a Bank		574
4. Governance		575
4.1 Corporate Governance Requirements		575
4.2 Registration and Oversight of Senior Management		577
4.3 Remuneration Requirements		578
5. AML/KYC		579
5.1 AML and CFT Requirements		579
6. Depositor Protection		581
6.1 Deposit Guarantee Scheme (DGS)		581
7. Prudential Regime		581
7.1 Capital, Liquidity and Related Risk Control Requirements		581
8. Insolvency, Recovery and Resolution		583
8.1 Legal and Regulatory Framework		583
9. ESG		584
9.1 ESG Requirements		584
10. DORA		585
10.1 DORA Requirements		585
11. Horizon Scanning		586
11.1 Regulatory Developments		586
1. Legal Framework		591
1.1 Key Laws and Regulations		591
2. Authorisation		592
2.1 Licences and Application Process		592
3. Changes in Control		594
3.1 Requirements for Acquiring or Increasing Control Over a Bank		594
4. Governance		595
4.1 Corporate Governance Requirements		595
4.2 Registration and Oversight of Senior Management		597
4.3 Remuneration Requirements		598
5. AML/KYC		599
5.1 AML and CFT Requirements		599
6. Depositor Protection		600
6.1 Deposit Guarantee Scheme (DGS)		600
7. Prudential Regime		601
7.1 Capital, Liquidity and Related Risk Control Requirements		601
8. Insolvency, Recovery and Resolution		602
8.1 Legal and Regulatory Framework		602
9. ESG		603
9.1 ESG Requirements		603
10. DORA		603
10.1 DORA Requirements		603
11. Horizon Scanning		604
11.1 Regulatory Developments		604
1. Legal Framework		623
1.1 Key Laws and Regulations		623
2. Authorisation		624
2.1 Licences and Application Process		624
3. Changes in Control		625
3.1 Requirements for Acquiring or Increasing Control Over a Bank		625
4. Governance		626
4.1 Corporate Governance Requirements		626
4.2 Registration and Oversight of Senior Management		627
4.3 Remuneration Requirements		628
5. AML/KYC		629
5.1 AML and CFT Requirements		629
6. Depositor Protection		629
6.1 Deposit Guarantee Scheme (DGS)		629
7. Prudential Regime		630
7.1 Capital, Liquidity and Related Risk Control Requirements		630
8. Insolvency, Recovery and Resolution		632
8.1 Legal and Regulatory Framework		632
9. ESG		634
9.1 ESG Requirements		634
10. DORA		636
10.1 DORA Requirements		636
11. Horizon Scanning		637
11.1 Regulatory Developments		637

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