What do the party manifestos have to say about ‘our’ payment topics?
Some highlights from the German federal election manifestos 2025 Payments are not just a topic for lawyers. It…
Quo vadis, financial sector? DORA comes into effect
The Regulation (EU) 2022/2554 on digital operational resilience in the financial sector (DORA) is a significant milestone in…
A Fairy Tale Journey into the Future of Payments – The Payment Exchange 2025
Once Upon a Time… … not too far in the future, a legendary place called Berlin shone with…
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…
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.
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…
Digital Euro – No Full Anonymity. Why Not?
A contribution to the hearing in the Finance Committee of the German Bundestag on the digital euro on…
Minimum requirements for risk management at ZAG institutions (2)
Update: The ZAG-MaRisk was published on May 27, 2024 after an extended consultation. According to the BaFin’s letter…
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…
Still a payment service or already the issuance of e-money?
This is the question currently dealt with in front of the European Court of Justice in Case C-661/22.…
The EU Commission’s proposals for PSD3 – transitional provisions, Art. 44, 45 PSD3
On 28 June 2023, the EU Commission presented proposals for a Payment Services Directive 3 (“PSD3”) and a…
E-money under PSD3 and PSR
On June 28, 2023, the EU Commission presented proposals for a Payment Services Directive 3 (“PSD3“) and a…