The final rule will go into effect on July 21, 2020.

Private equity (PE) investment in Africa is changing. Fund managers are adopting facilities that are used in developing markets, such as subscription credit.

In the context of the claimant Afghan bank's entitlement to enforce certain counter-guarantees provided by the defendant Indian bank, the High Court has granted limited declaratory...

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

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 adopted new rules standardizing the format and content of prospectuses under the EU's Prospectus Regulation, introducing significant changes for debt capital markets including enhanced ESG disclosure requirements and reduced financial statement obligations. These amendments form part of the broader Listing Act package aimed at making EU public capital markets more attractive while streamlining compliance processes for smaller companies seeking to list.

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

The European Central Bank has articulated a comprehensive vision for the EU's digital finance architecture, positioning deeper financial integration as essential for Europe's economic future. This analysis examines the ECB's technical stance on the Market Integration and Supervision Package, which proposes to transfer significant supervisory powers to ESMA while addressing persistent gaps in cross-border capital allocation.

The European Parliament has finalized its position on proposed amendments to the EU securitisation framework, setting the stage for trilogue negotiations with the Council and Commission.

The EU institutions have reached consensus on replacing SFDR's Articles 8 and 9 with three product categories, but significant disagreements persist on fossil fuel exposure criteria and whether alternative investment funds marketed exclusively to professional investors should be exempt from the new categorisation regime. These unresolved issues carry particular weight for private markets participants navigating the evolving regulatory landscape.

The Council of the EU has published final compromise texts for the Third Payment Services Directive (PSD3) and Payment Services Regulation (PSR), marking a significant shift toward harmonised payment services regulation across the Single Market. The package introduces stricter conduct rules, enhanced consumer protections, and explicit provisions for crypto-linked payment activities, while addressing fragmentation issues that emerged under PSD2.

On 26 February 2026, the European Securities and Markets Authority (ESMA) published a supervisory briefing to aid national competent authorities (NCAs) with their supervision of algorithmic trading in the EU...

The Court of Justice of the European Union has issued a landmark ruling that fundamentally changes how consumer credit providers must calculate borrowing rates across all EU Member States. The judgment establishes that interest may only be applied to the actual credit amount made available to consumers, not to financed costs such as insurance premiums that form part of the total cost of credit. This binding decision has immediate implications for credit institutions, consumer lenders, and firms providing mo

The EU Listing Act package introduces sweeping reforms to prospectus requirements, market abuse regulations, and investment research frameworks, with a critical implementation deadline of June 2026. How will these changes affect disclosure obligations for ESG bonds, delayed disclosure regimes, and issuer-sponsored research? As Member States finalize transposition and Level 2 measures remain outstanding, market participants face both opportunities for reduced administrative burdens and challenges in navigati

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

The European Banking Authority and European Securities and Markets Authority have launched a joint consultation on revised Guidelines for suitability assessment of management body members and key function holders in banks and investment firms, implementing CRD VI amendments that substantially strengthen the EU's harmonised fit-and-proper framework. Running until 25 May 2026, the consultation introduces expanded scope to key function holders, enhanced ESG and ICT competence requirements, and new ex ante asse