563 results found

One of the biggest lessons learned and shared by our esteemed panel was the importance of having a strong local partner.

Das AlixPartners Agile Finance Framework für proaktives Cash Management besteht aus 3 Säulen: 1) Screenen nach exogenen Schocks, 2) Identifizieren von Wechselwirkungen und Ableiten von Maßnahmen...

On June 28, 2006, the German government issued draft legislation for the implementation of Directive 2004/109/EC ("Directive") of the European Parliament and of the Council of 15 December 2004 on the harmonization of transparency requirements in relation to information about issuers whose securities are admitted to trading on a regulated market in Germany.

On September 26, 2021, the 20th German Bundestag of the Federal Republic of Germany was elected.

Retailers will be banned from applying surcharges to many credit and debit card payments made by consumers under new laws finalised in Germany.

The German banking and financial sector is a highly regulated area, hence, the appointment of a supervisory member is a crucial matter from a regulatory perspective.

BaFin has released a second consultation draft of the WpI MaRisk circular, introducing more proportionate risk management requirements specifically tailored for small and medium-sized investment firms. The revised framework aims to reduce regulatory complexity while maintaining alignment with MiFID II and related EU regulations, with stakeholder comments due by June 17, 2026.

On November 10, 2015 the Council of the European Union adopted a directive on the repeal of the EU Savings Directive. The directive provides for a repeal of the EU Savings Directive from January 1, 2016 onwards.

Financial institutions face a critical challenge in implementing the Digital Operational Resilience Act (DORA): the real hurdle lies not in understanding requirements, but in integrated governance across previously siloed functions. ICT risk management, third-party risk management, business continuity, and information security must be coordinated along common objects—business processes, assets, third parties, incidents, and risks. This article examines whether DORA leads to genuine resilience or merel

Ich war für mehrere Monate als Interim Manager zusammen mit einem erfahrenen AlixPartners-Team in der Anti-Financial-Crime-Organisation eines internationalen Finanzinstituts tätig.

In 2009, the German Securities Trading Act (WpHG) was changed to extend the pre-existing market manipulation prohibition (which is based on the EU Directive on Market Abuse) to European emission allowances (EUAs) that are traded on an exchange in Germany or on a comparable market in another EU/EEA member state.

The German Ministry of Finance issued on 15 April 2010 a Tax Circular ("Tax Circular") clarifying the tax reporting obligations of German investors holding shares or similar interests in non-German partnerships and in other (corporate) entities.

The Financing for the Future Act (ZuFinG) comprises, in addition to a number of other reforms to strengthen Germany as a fund jurisdiction, the VAT exemption of management services for all Alternative Investment Funds (AIFs), ...

On 11 March 2022, the European Banking Authority published a supervisory statement reminding financial institutions that they ensure compliance with sanctions and other restrictive measures...

The EU's Market in Crypto-Assets Regulation (MiCAR) became fully operational as of 30 December 2024. As explored in PwC Legal's EU RegCORE' series covering developments across the "EU's Digital Single Market...

For financial years beginning after 31 December 2020, registered AIFMs will be subject to new auditing obligations.

Germany's transition period for Payment for Order Flow (PFOF) has ended, and BaFin has issued detailed supervisory guidance outlining prohibited circumvention structures and expectations for PFOF-free business models. The regulator applies an economic substance test that looks beyond mere form, requiring firms to justify fees in vertically integrated groups and trace orders through intermediary chains back to retail clients.

The European Banking Authority has released its 2027 Annual Work Programme, marking a strategic pivot from rule design to implementation assessment. With 251 deliverables organized around resilience, efficiency and transformation, the programme integrates geopolitical risk into prudential supervision and expects authorities to assess stress assumptions, credit-loss models and business-model resilience as interconnected elements rather than isolated metrics.