A functioning real economy requires the financial system to perform a range of key economic functions reliably. These include payment services, securities trading, settlement services and deposit taking, among others.

German corporate group law provides various organizational options, with group coordination agreements emerging as a flexible alternative to traditional control and profit transfer agreements. This article examines the legal classification, practical structure, and strategic advantages of these coordination mechanisms, while exploring their boundaries and future role in corporate governance.

Following recent bank failures that occurred outside of the EU, the European Parliament's Economic and Monetary Affairs Committee (ECON) on 21 March 2023 held a public hearing...

As discussed in extensive Thought Leadership coverage from our EU RegCORE as well as wider coverage across the PwC Network, the EU's Markets in Crypto-Assets Regulation (MiCAR) marks...

On 6 August 2025, the German Federal Financial Supervisory Authority (BaFin) published a draft of the Minimum Requirements for Risk Management by Investment Firms (WpI MaRisk).

Why is mediation such a success story in the Anglo-American dispute resolution scene while the German market still seems to belittle this powerful mechanism in business cases?

As evidenced on 19 July 2024 major IT outages, including those caused by a simple yet apparently defective "content update", can quickly cascade into systemic cyber incidents...

As discussed in comprehensive coverage available from PwC Legal and PwC teams across our network, the EU's Regulation 2022/2554...

Der BGH hat mit Urteil vom 14.10.2025 grundlegende Anforderungen an die Überwachungspflichten des Aufsichtsrats und die Berichtspflichten des Vorstands präzisiert. Auch bei ruhendem Geschäftsbetrieb einer Aktiengesellschaft bleiben die gesetzlichen Berichts- und Überwachungsmechanismen vollumfänglich bestehen. Die Entscheidung verdeutlicht, dass Aufsichtsratsmitglieder ihre Pflichten nicht durch informelle Gespräche erfüllen können und bei Pflichtverletzungen pers

Not being able to access one's own brokerage account via an app or by other electronic means can be frustrating…even more so when speed may be of the essence especially when wanting...

As set out in an earlier Client Alert, the EU's Listing Act package was formally adopted in October 2024, published in the EU's Official Journal (OJ) on 14 November 2024 and entered into force on 4 December 2024.

Insurers operating in the EU and under the Solvency II Directive's legislative and regulatory framework come in different shapes and sizes.

On 17 July 2024, the Joint Committee of the European Supervisory Authorities (ESAs), representing the European Banking Authority (EBA)...

On 2 February 2022, the European Securities and Markets Authority published a supervisory briefing regarding its expectations in relation to investment firms use of tied agents within the MiFID II framework.

Consumer protection remains a core priority of the European Commission across the EU's Single Market. It is also a central aspect of the legislative reforms that aim to complete the construction...

On 1 September 2022 the European Banking Authority (EBA) published its second report on the functioning of anti-money laundering (AML) and counter terrorist financing (CTF) supervisory...

Imagine you design, deploy and deliver (in record time) one of the most comprehensive (regulatory) sandboxes and no one turns up to play.

On 9 January 2026, the European Commission published its final guidelines (the ‘Guidelines') on the application of certain provisions of Regulation (EU) 2022/2560 on foreign subsidies...

The U.S. Securities and Exchange Commission has issued a landmark exemptive order relieving directors and officers of certain foreign private issuers from Section 16(a) reporting obligations under the Exchange Act. This exemption applies to issuers incorporated in the European Economic Area and other qualifying jurisdictions where substantially similar disclosure requirements already exist, fundamentally reshaping compliance obligations for EEA-incorporated companies with U.S.-registered securities. What do

On 17 June 2025, the European Insurance and Occupational Pensions Authority (EIOPA) released its inaugural report on a coordinated mystery shopping exercise examining the sales process for Insurance-Based Investment Products (IBIPs) across eight EU Member States