With the Banking Directive Implementation and Bureaucracy Reduction Act (‘BRUBEG’), announced on 30 March 2026, German legislature has not only implemented the ‘EU Banking Package’ but has also expanded the powers of the insurance and financial supervisory authorities. Primary aim of these legislative changes is to enable a more effective investigation of the facts, particularly in cases where an authority’s request for information is unlawfully refused, delayed or obscured. Supervised companies should prepare for the new investigative risks.
The BRUBEG has entered into force in its key provisions. The new Act transposes the sixth EU Capital Requirements Directive for banks (CRD VI) into German law and is intended to reduce unnecessary bureaucratic burdens on credit institutions.. In addition, the Act introduces a number of innovations for a more effective financial market supervision, in particular an expansion of investigative powers of the German Federal Financial Supervisory
