563 results found

Germany's implementation of the EU AI Regulation assigns BaFin as the market surveillance authority for AI systems in financial services, while new guidance clarifies investment product classifications under PRIIPs and establishes transitional rules for ESG rating providers. BaFin also provides supervisory guidance on the Payment for Order Flow ban affecting investment firms and neo-banks.

On 14 March 2025, the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht - BaFin) published a draft Guidance Note...

On 30 December 2023 the Secondary Credit Market Act (Kreditzweitmarktgesetz , "KrZwMG") was enacted implementing the EU directive 2021/2167 from 24 November 2021.

The European Commission's proposed Affordable Housing Act connects local housing intervention with asset use, cash flow, valuation, and prudential risk for financial institutions and real estate investors. This analysis examines how housing stress could become a new geographic underwriting variable and explores the capital-stack implications of EUR 150 billion in annual investment requirements over the next decade.

On May 20, 2019, the German Federal Ministry of Finance published guidance on its Draft Act implementing the AMLD5.

Billions are generated in the online gaming market: the majority of the revenue of publishers and distributors of video games such as Tencent or Nintendo is generated...

On 4 December 2025, the European Commission published proposals for the further development of capital market integration and supervision within the European Union.

The Markets in Crypto-Assets Regulation (MiCAR) was designed to bring crypto-assets within a common EU regulatory perimeter, but recent developments reveal a more complex picture. Three decisive developments in October 2026—the Council's position on the Market Integration and Supervision Package, the MiCAR review consultation responses, and ESMA's supervisory action—expose critical gaps in how digital money, tokenised financial instruments, and market infrastructure fit together.

On 9 September 2025, the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin)...

The European Securities and Markets Authority has issued a definitive statement clarifying that the MiCAR transitional period expires on 1 July 2026, after which any entity providing crypto-asset services to EU clients without proper authorization will be in breach of EU law. This regulatory deadline represents a fundamental legal transformation of the EU crypto-asset market, affecting business models, contractual relationships, board exposure, and enforcement risk for crypto-asset service providers.

In our last blog post, we reviewed a sample of leading companies in the pharma and healthcare sector, assessing their readiness to comply with the EU Corporate Social Reporting Directive (CSRD).

On 31 March 2025, the European Central Bank (ECB) issued an opinion on the proposed regulation to amend Regulation (EU) No 909/2014...

On 7 December 2023 the three European Supervisory Authorities (ESAs) comprised of the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA)...

On September 16, 2025, the Administrative Court of Frankfurt am Main (Ref. 7 K 3685/24.F; 7 K 3686/24.F; 7 K 3705/24.F) that the Federal Financial Supervisory Authority...

The Claimant, a wealthy individual, purchased several properties from a trading company in 1996 at a price of DM 52 million.

Two months following the German election, three political parties have agreed to form a so-called "trafficlight" "Ampel" coalition representing

The European Accessibility Act (EAA) establishes a unified regulatory framework for a broad range of products and services in the EU. The EAA aims to ensure that offerings are accessible to people...