Intelligence

ESMA's latest report reveals a critical legal gap in the rapidly growing tokenised equities market: transferring a token does not necessarily transfer legal title to the underlying share. As the market for tokenised representations of equities has surged from €0.3 billion to €1.9 billion in just 18 months, the distinction between economic exposure and legal ownership has become a pressing concern for investors, platforms, and regulators alike.

FinXP, a European payment infrastructure provider, has joined forces with Thredd, a global issuer-processing platform, to enhance its card issuing capabilities and expand its embedded finance offering. The partnership will enable FinXP to modernize its debit card programmes with advanced processing infrastructure while maintaining control of its own ledger and programme strategy. This collaboration also positions FinXP as a European BIN sponsor for Thredd's global client base, supporting scalable, multi-reg

Europe's Sustainable Finance Disclosure Regulation has transformed ESG fund classification through its Article 6, 8, and 9 categories, but the recent SpaceX IPO has exposed critical ambiguities in the "good governance" requirement. With over 60% of EU funds potentially restricted from participating in the largest IPO ever due to concerns about Elon Musk's concentrated control and governance structure, the question arises: can fund managers reconcile SpaceX's unique corporate governance with SFDR's green inv

Die Europäische Kommission hat ein umfassendes Legislativpaket zur Einführung der EU Inc vorgelegt – einer optionalen, EU-weit einheitlichen Gesellschaftsrechtsform als 28. Regime. Für Finanzdienstleister wirft dieser Vorschlag grundlegende Fragen zur Bankfähigkeit, Investierbarkeit und Marktinfrastrukturkompatibilität auf und berührt die gesamte Finanzierungskette von der Gründung bis zur Insolvenz.

The European Commission has published a comprehensive report diagnosing the state of EU banking competitiveness and signaling the most significant policy intervention since Basel III completion. With European banks demonstrating strong capital positions but facing international competitiveness challenges due to market fragmentation and regulatory complexity, the report establishes competitiveness as a co-equal objective alongside financial stability. The gap between this July 2026 diagnosis and Q1 2027 legi

The European Union's Retail Investment Strategy represents a comprehensive overhaul of investor protection rules across multiple financial services directives, fundamentally reshaping how investment products are manufactured, distributed, and disclosed to retail investors. With political agreement reached and formal adoption imminent, financial institutions face significant compliance challenges around inducements, value-for-money assessments, and enhanced disclosure requirements that will transform retail