Compliance & Regulatory Framework
Our commitment to regulatory excellence and compliance ensures the highest standards of integrity and transparency.
Primary Regulators
BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht)
German Federal Financial Supervisory Authority
License Number: DE-12345-2024
Supervision: Banking, Securities, Insurance
Deutsche Bundesbank
German Central Bank
Prudential Supervision
Payment Systems Oversight
Key Regulations
Security Certifications
ISO 27001:2013
Information Security Management System
Certified by TÜV SÜD • Valid until Dec 2024
SOC 2 Type II
Service Organization Control Report
Audited by KPMG • Annual certification
PCI DSS Level 1
Payment Card Industry Data Security Standard
Validated by QSA • Annual assessment
Financial Audits
ISAE 3402 Type II
International Standard on Assurance Engagements
Audited by PwC • Controls over financial reporting
Annual Financial Audit
Comprehensive financial statement audit
Ernst & Young • Unqualified opinion 2023
Regulatory Examination
BaFin comprehensive assessment
Last examination: Q2 2023 • No findings
Three Lines of Defense Model
Our risk management follows the internationally recognized three lines of defense model, ensuring comprehensive risk oversight and independent validation of controls.
Credit Risk Management
- • Individual and portfolio credit limits
- • Daily mark-to-market monitoring
- • Stress testing and scenario analysis
- • Collateral management and valuation
- • Early warning systems
- • Regular credit committee reviews
Market Risk Management
- • Value-at-Risk (VaR) calculations
- • Sensitivity analysis and Greeks
- • Position limits and stop-losses
- • Liquidity risk assessment
- • Currency exposure monitoring
- • Interest rate risk management
Operational Risk Management
- • Business continuity planning
- • Cybersecurity threat monitoring
- • Key risk indicator (KRI) tracking
- • Incident reporting and analysis
- • Third-party risk assessment
- • Process automation and controls
Compliance Risk Management
- • Regulatory change monitoring
- • Compliance testing programs
- • Training and awareness programs
- • Sanctions screening systems
- • Anti-money laundering controls
- • Conduct risk monitoring
Supervisory Board
- Chairman: Dr. Klaus Weber (Independent)
- Deputy Chairman: Prof. Dr. Anna Müller (Independent)
- Members: 6 independent directors
- Committees: Audit, Risk, Remuneration, Nomination
Management Board
- CEO: Dr. Michael Schmidt
- CRO: Dr. Sarah Fischer (Chief Risk Officer)
- CFO: Thomas Bauer (Chief Financial Officer)
- COO: Dr. Lisa Wagner (Chief Operating Officer)
Key Control Functions
Chief Risk Officer
Independent risk oversight and reporting directly to Supervisory Board
Chief Compliance Officer
Regulatory compliance monitoring and advisory function
Internal Audit
Independent assurance and advisory services
Financial Reporting
Conduct & Compliance
Continuous Monitoring
Our compliance monitoring systems operate 24/7, with real-time transaction screening, automated regulatory reporting, and continuous risk assessment. All systems are subject to regular testing and validation by independent third parties.
Chief Compliance Officer
Sicher Bank AG
Maximilianstraße 12
80539 München, Germany
Whistleblower Protection
We maintain a confidential reporting system for compliance concerns. All reports are investigated thoroughly, and we provide full protection against retaliation for good faith reporting.