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The UN General Assembly's 81st session reveals a critical shift in how financial regulators must approach AI risks, moving beyond individual applications to focus on dependencies, concentration risks, and the resilience of critical infrastructure. An Australian incident involving an autonomous AI agent highlights a crucial question: when multiple institutions simultaneously need the same alternative solution, will their exit strategies still function?

On June 29, 2022, the German Federal Ministry of Finance ("MoF") officially extended the filing deadline for the application of the "simplified procedure" in the so-called "register cases" by one year.

Transactions in Bitcoin do not constitute a bank transaction and certainly such transactions are not a criminal offence.

As anticipated in our earlier blog on ELTIF 2.0, Regulation (EU) 2023/606 amending the Regulation on European long-term investment funds (ELTIF Regulation) has been in force since 10 January 2024.

The European Central Bank has completed a comprehensive review of its supervisory publications within the Single Supervisory Mechanism, analyzing approximately 130 documents...

Actively Managed Certificates (AMCs) have become more and more popular in recent years. They combine the advantages of structured products with features that allow for a flexible adjustment of...

Das Bundesministerium der Finanzen („BMF") hat am 29.06.2022 offiziell die Antragsfrist für die Anwendung des "vereinfachten Verfahrens" in ...

The German Civil Code (BGB) has been getting increasingly complex for years, in part due to several EU Directives and in part due to domestic legislative changes.

The Financial Data Access Regulation (FiDA) is intended to facilitate the development of Open Finance in the European Union as it will allow customers to be more digitally mobile and to monitor...

We hope you're having a good start to what is already looking like a busy 2019. With the clock ticking down, Westminster has voted to send Theresa May back to Brussels to ask ...

The following represents a carefully curated selection of our recent Thought Leadership contributions:

The following represents a carefully curated selection of our recent Thought Leadership contributions:

The Joint Committee of European Supervisory Authorities has released its 2027 work programme, outlining concrete steps for digital resilience, investor protection, sustainable finance, and supervision of financial conglomerates. Financial institutions must now prepare for enhanced oversight of critical technology service providers, revised capital reporting requirements, and updated product information standards, while distinguishing between existing obligations and reforms still pending legislative approva

Germany's transitional exemption from the EU-wide Payment for Order Flow (PFOF) ban expired on 1 July 2026, and BaFin has issued detailed supervisory guidance outlining impermissible circumvention structures...

Customer experience at online services of insurers and banks needs improvements...

The international law firm Milbank LLP advised Joh. Berenberg, Gossler & Co. KG as super senior lender on the financing of Biotest AG.

The Higher Regional Court [Oberlandesgericht, OLG] of Hamburg has ruled that banks cannot simply terminate the accounts of enterprises that are listed in the so-called Iran Embargo Regulation.