BaFin Reduces Capital Requirements for flatexDEGIRO Group

flatexDEGIRO Group has achieved a significant regulatory milestone. The Federal Financial Supervisory Authority, known as BaFin, has announced a reduction in the Pillar 2 Requirement (P2R) for the group. The requirement has been lowered by 100 basis points to 1.50 percent. This change follows the Supervisory Review and Evaluation Process (SREP).

Additionally, the individual capital surcharge on flatexDEGIRO Bank has been completely removed. This development marks the resolution of past organizational deficiencies and results in a SREP requirement of 2.25 percent for flatexDEGIRO Bank.

The decision is seen as recognition of flatexDEGIRO's efforts to enhance its regulatory systems. The reduction in capital requirements improves the group's strategic flexibility in capital allocation, supporting its growth plans.