BaFin Lowers Capital Requirements for flatexDEGIRO Group

The German Federal Financial Supervisory Authority (BaFin) has announced a significant reduction in capital requirements for the flatexDEGIRO Group. The specific requirements, known as SREP capital requirements, have been decreased by 150 basis points to 2.75% from 4.25%. This decision reflects adjustments in the calculation methodology relevant to the group.

Specifically, flatexDEGIRO Bank AG will see its SREP capital needs reduced to 1.25%, down from the previous 2.25%. This lowering of capital requirements signifies a shift in the regulatory expectations for the bank, potentially allowing for greater financial flexibility and operational capacity within the group's activities.