EBA’s Final Guidelines on Remote Customer Onboarding Solutions – Technological Neutrality as a Premise
After having publicly consulted on the draft Guidelines on the use of remote customer onboarding solutions until March…
BaFin’s latest adjustments to the MiFID conduct of business obligations
According to the newly amended FAQ of the German Federal Financial Supervisory Authority (BaFin) on the MiFID II…
Revised regulatory technical standards on strong customer authentication and common and secure communication under PSD2
Revised RTS on SCA & CSC under PSD2 On 5 April 2022, the European Banking Authority (EBA) published…
Financial services – The same word, but not the same meaning under regulatory law and civil law
What are financial services? What are financial services? One might think that this question can be answered unambiguously.…
Opening a Bank Account in Germany: A Guide for Refugees and Helpers
Эта статья также доступна на русском языке. How to open a bank account in Germany A bank…
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…
Fee and contract amendment clauses in banks’ GTCs invalid
In its ruling of 27 April 2021, the German Federal Court of Justice (“BGH”) declared fee and contract…
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…