Peter Knobl, partner at CERHA HEMPEL specialising in banking supervisory and capital markets law, has updated the banking supervisory legal navigator to reflect the status of 1 October 2021. Those in need of a compact, comprehensible, quick and up-to-date overview of the practical application of Austrian banking supervisory law can find the information they need in the form of a Q&A document, current as of 1 October 2021 and downloadable here. The update reflects the application of risk-based and leverage-based MREL quota as well as of minimum mandatory subordinated eligible liabilities ratio requirements in Austria, the integration of sustainabilty risks in a bank’s organisation, procedures and conduct of business, the draft Austrian Act on Covered Bonds, the amended provisions on capital adequacy and leverage, the amended EBA guidelines on internal governance, fitness and propriety and remuneration as well as a revised ECB guide on fitness and propriety with all of this guidance starting to apply from 31 December 2021 and the ongoing debate on Basel IV’s output floor for credit institutions applying the IRB. The guidelines are also a valuable aid both for domestic and foreign market participants, be they existing banks or newcomers, even for those from the FinTech sector.