Interest rate and credit spread risks in the banking book
BaFin publishes 8th MaRisk amendment With Circular 06/2024 (BA), BaFin published the 8th amendment to the Minimum Requirements…
Minimum risk management requirements for ZAG institutions – ZAG-MaRisk
On 27 May 2024, the German Federal Financial Supervisory Authority (“BaFin”) published the final version of its circular…
One-way street FiDA – why well-intentioned is not well done
With its proposal for a regulation on a framework for access to financial data (Financial Data Access –…
The group privilege in payment services regulation
In a nutshell, the Payment Services Supervision Act (ZAG) stipulates that payment transactions and associated services within a…
Revision of MaComp BT 8
BaFin implements ESMA guidelines on MiFID II compensation requirements With a revision of the Special Part 8 of…
Minimum requirements for risk management at ZAG institutions (1)
Update: The ZAG-MaRisk was published on May 27, 2024 after an extended consultation. According to the BaFin’s letter…
Sustainability preferences and risks
A major player in the fight against climate change is the capital market. The transformation to a low-carbon,…
Act to Further Strengthen Investor Protection
The legislator has once again taken up the cause of investor protection; this time with a law to…
Fee and contract amendment clauses in bank GTCs invalid | Consequences for the payment and banking practice
In its ruling of April 27th, 2021 (XI ZR 26/20), the “banking chamber” of the Federal High Court…
Legislator Extends Money Laundering Offence | Massive consequences for those obliged to comply with the AMLA
The legislator indirectly extends the obligations of those who are obliged to make suspicious activity reports according to…