New supervisory regime for investment firms through the WpIG
According to the government draft, investment firms will be subject to a completely new supervisory regime – the…
Need a licence? Licence rental simply explained
Who amongst us is not familiar with this situation? You have a great business idea for a revolutionary…
Comment on the draft general ruling of BaFin regarding Sec. 24c KWG and virtual IBAN
BaFin has published a general ruling on 7 September 2020, pursuant to which credit institutions are obliged to…
Light and shadow: The revised version of the BaFin guidance note on guarantee business
On 3 April 2020, BaFin published its new guidance note on guarantee business (“New Guidance Note“). In practice,…
Opinion on the draft EBA guidelines on loan origination and monitoring: Please accept technology as part of banking!
The European Banking Authority (EBA) has carried out a consultation on draft guidelines on loan origination and monitoring.…
Factoring – What factoring licence should I apply for?
It is clear that anyone wishing to carry out factoring in Germany first needs a factoring licence. However,…
PayTechTalk 37 – Approval procedures: directors, qualifying holdings, and capital requirements
In our 34th episode of PayTechTalk I talked with my colleague Christian about the licence types for payment…
PayTechTalk 34 – licence types for payment service providers
Recently I looked into the topic of licence types for payment service providers on PayTechLaw. In my blog…
Payment services. What is what?
Do you know the type of questions where the answer depends on who you ask? An example of…
Screen Scraping is dead – long live Screen Scraping!
A heated debate has been going on for years as to whether account information services providers (AISP) and…