German Law on the Digitalization of the Financial Market (FinmadiG) Finally Adopted by the Bundestag
In an unexpected turn of events, and a bit like an early Christmas gift, the Bundestag approved the…
German Law on the Digitalization of the Financial Market (FinmadiG) Finally Adopted by the Bundestag
In an unexpected turn of events, and a bit like an early Christmas gift, the Bundestag approved the…
Crypto Meets ESG – Is the Future Looking Green?
With the Markets in Crypto-Assets Regulation (“MiCAR”), the EU legislator is creating a legal framework for crypto-assets for…
BaFin publishes guidance on documentation requirements under DORA
With just under a month to go before the Digital Operational Resilience Act (DORA) comes into force, the…
The call center use of voicebots in B2B direct marketing
In the discussion about so-called cold calls in direct marketing, the point is often overlooked that the B2B…
Digital Assets Forum 2025 in London – Make a note now!
On February 3, 2025, it’s that time again: the Digital Assets Forum opens its doors in London. As…
New BaFin AuA AT on the Anti-Money Laundering Act! (incl. compare version)
The comprehensively revised interpretation and application guidelines for the General Part (the “AuA AT”) of the Anti-Money Laundering…
The questionable figures to the German payment market of the German Council of Economic Experts
The new annual report on the assessment of macroeconomic developments 2024/2025 by the German Council of Economic Experts…
Deposit from the credit institution and e-money (only) from the e-money institution?
Digital means of payment are more present in public discourse than ever; not least due to the new…
Financial Data Access Regulation (FiDA)
As part of the Retail Payment Strategy, the EU Commission has published the Financial Data Access and Payments…
A new era in IT security: a comparison of NIS2 and DORA
As digitalization advances, companies and organizations are increasingly confronted with complex challenges around IT security and digital operational resilience. Within a few months, the European Union has adopted two important pieces of legislation to strengthen IT and cybersecurity, which will now come into force in the near future: the “Directive on measures for a high common level of cybersecurity across the Union” (NIS2) and the Digital Operational Resilience Act (DORA).
BaFin publishes its expectations regarding PSD2 account access interfaces
In its supervisory notice dated October 9, 2024 (available here), the German Federal Financial Supervisory Authority (BaFin) has…
Innovations in payment transactions at the ibi-Zahlungsverkehrsforum
The ibi-Zahlungsverkehrsforum in Frankfurt am Main on November 12 and 13 offers experts and decision-makers from banks, financial service providers and retailers the opportunity to discuss the latest developments in payment transactions.
Payment tokens in the regulatory crossfire between MiCAR & PSD2/EMD2 (upcoming PSD3/PSR)
Payment tokens are those crypto-assets that are primarily used for payment purposes. The Markets in Crypto-Assets Regulation (“MiCAR”)…
Revision of MaComp – BT 5 and BT 7.1 to adopt the ESMA guidelines
The regulatory requirements relating to compliance are governed in particular by BaFin’s MaComp (minimum requirements for the compliance…