The professional suitability of members of executive bodies of KWG institutions
New fit and proper circular from BaFin The German Federal Financial Supervisory Authority (BaFin) is consulting on a…
BGH overturns clauses on custody fees
Negative interest is dead; long live negative interest? In two now published decisions of 4 February 2025 (XI…
BaFin and the Finfluencers – Part 2
In an update to its guidance note on the concept of investment advice, BaFin confirms that finfluencers generally…
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…