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The financial crisis in 2008 has led to regulatory changes in the financial sector worldwide. The regulatory environment for banks organised in the European Economic Area ("EEA") in particular has been subject to many material changes since 2008, and further regulatory changes are in the process of implementation by the competent national and supranational authorities.

At the end of the legislative period, important decisions on central compliance legislative proposals of the German Federal Government were made.

The European Parliament has tabled over 1,900 amendments to the Market Integration and Supervision Package, transforming it from a straightforward proposal into a complex negotiation between competing models for European market supervision and infrastructure. As the Commission's original December 2025 proposal becomes obsolete and multiple parliamentary drafts emerge with conflicting visions, financial firms face critical questions about which supervisory architecture will ultimately govern their licenses

European financial regulators are reshaping the landscape for investment firms, crypto-assets, and fund management through new guidance on MiFID passporting arrangements, digital asset oversight...

Digitale Wertpapiere und Blockchain-Technologien gewinnen international an Fahrt. In Europa bremst jedoch ein restriktiver Rechtsrahmen.

Employees in Germany are entitled to an allowance where their working hours are reduced as a result of the COVID-19 pandemic.

On 29 October 2025, the Federal Cabinet adopted the draft of the Fund Risk Limitation Act (Fondsrisikobegrenzungsgesetz). The planned law is intended primarily to implement the amendments concerning the AIFM Directive

The German Ministry of Finance published a Draft bill (Referententwurf) on the further implementation of the EU Prospectus Ordinance and on the amendment of financial market laws.

The Defendant lodged an appeal against this judgment with the Higher Regional Court of Duesseldorf.

While the ‘crypto hype' seems to have the finance industry firmly under its spell, the EU Commission is persistently continuing its goal to develop a more attractive regulatory framework supporting access to...

On 19 February 2026, the European Securities and Markets Authority (ESMA) published a consultation proposing amendments to the guidelines on delays in the disclosure of inside information under the Market Abuse Regulation (MAR).

European financial regulators are advancing major reforms across sustainable finance disclosure, investment firm risk management, and ESG ratings oversight. From stricter sustainability reporting requirements under SFDR 2.0 to streamlined fund reporting frameworks and new endorsement rules for third-country ESG ratings, these developments signal a significant shift in regulatory expectations for asset managers, investment firms, and rating providers operating in EU markets.

On 20 December 2023 the European Securities and Markets Authority (ESMA) published its 2023 Credit Rating Agency (CRA) Market Share Report.

The dangers in the area of cybercrime have been steadily increasing for years. The risks range from data theft and espionage to IT failures and production stoppages.

The comprehensive reordering of the sanctioning of companies for company‑related crimes through a German Corporate Sanctioning Act (Verbandssanktionengesetz – "VerSanG") is drawing nearer.

We have summarized the most important changes in more detail below.

Das Oberlandesgericht Karlsruhe (OLG Karlsruhe) befasst sich im Rahmen einer Vorabentscheidung mit der Frage, welche Tatsachen bei der Bemessung ...

On 11 September 2024, Germany's Federal Financial Supervisory Authority published an Information Sheet (01/2024 (WA)) specifying its expectations when a securities institution must appoint at least two people as its management i.e. as managing directors.