Geschäftsbericht 2012, englisch

Management report 25 be discussed by the MaRisk panel of experts during the first half of 2013. We will participate in these discussions and, in agree- ment with the Supervisory Authority, adjust our methods and processes as needed. Appointments The 2012 Delegates Meeting elected the following persons as new members of the Supervisory Board: Heinz Fohrer, member of the Board of Management of Volksbank Esslingen eG, as well as Kai Schubert, member of the Board of Management of Raif- feisenbank Südstormarn Mölln eG. They succeeded Wilfried Mocken and Hans-Joachim Tonnellier, who stepped down from the Supervisory Board at the conclu- sion of the Delegates Meeting. Wilfried Mocken’s mandate ended as scheduled. He had served as a member of the Supervisory Board for a total of 20 years. Hans-Joachim Tonnellier, who had been the Chairman of the Frankfurter Volksbank eG’s Board of Management for many years, resigned his mandate upon his retirement from the bank’s Board of Management due to reasons of age. The Chairman of the Supervisory Board, Konrad Irtel, honoured the two men for their many years of dedicated service and achievements on behalf of MünchenerHyp and thanked them for their beneficial efforts on behalf of the Bank. Employees The primary objective of MünchenerHyp’s personnel strategy is to support the further growth of our Bank and to enable us to successfully cope with the rising professional and regulatory demands. This has resulted in substantial numbers of new hires in recent years. Therefore, the number of employees has increased by an annual average of 5 percent since 2005. The recruitment of new employees was once again the primary focus of our personnel work last year. We used numerous meas- ures and activities to enhance, in particular, MünchenerHyp’s profile as an attractive employer. Despite the fact that there is almost full employment in the greater Munich area, we were still able to recruit numerous qualified people as new employees. We received more than 1,200 job applications. as needed. Münchener Hypothekenbank’s voluntarily participa- tion enables it to continually monitor all important key figures at this time and have them available to steer the Bank’s activi- ties. Calculations made to date reveal that the LCR, which must be observed starting in 2015, is already being met at this time and will be fulfilled for numerous years. We are currently barely missing the NSFR figure, which becomes valid in 2018 and has thus far been foreseen as only an observation ratio. However, in this case we anticipate that the long observation phase will make adjustments possible similar to those made to the LCR. The introduction of a Leverage Ratio is also foreseen within the framework of Basel III. This figure sets the maximum limit for a bank’s total lending volume in relationship to its equity capi- tal. The concrete configuration of the Leverage Ratio is still under discussion. We are attentively following the discussions and publications of various bodies regarding Basel III. It is difficult to prepare to meet future requirements at this time as widely varying positions are still held by the different institutions involved in the current discussions at national, European and international levels. For this reason we want to prepare to the greatest extent possible, although we will wait to implement specifically target measures until the final version of the requirements has been approved. As the example of LCR shows, significant changes can still occur at the last minute. We anticipate that the regulators will give us sufficient time to implement the final measures. Minimum requirements for risk management (MaRisk) The requirements for the structure of a risk management pro- gramme are defined by the banking supervisory authorities in the MaRisk rules. We immediately began to analyse the terms of MaRisk 5.0 after they were published on December 15, 2012. The resulting required actions will take place by the December 31, 2013 deadline. We have started a corresponding project. In a letter to the banking sector the Federal Financial Supervisory Authority (BaFin) pointed out that the regulatory text alone, especially the provisions concerning the new subjects of “Com- pliance” and “Netting out of liquidity”, is not unequivocal, and that questions concerning the interpretation of the text should

Geschäftsbericht 2012, englisch

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