Region: Germany

“After the crisis is always before the crisis”, says BaFin president

BaFin president Mark Branson has called for greater urgency in the implementation of regulatory reforms – including Basel III implementation and revisions to the risk-weighting of sovereign bonds – ahead of the next crisis.

22 November 2022

German court backs BaFin’s “name and shame” practices

German regulator BaFin’s newfound habit of publicising the identities of the banks it targets for administrative sanction will become “increasingly difficult” to challenge, practitioners tell GBRR, following a supportive ruling from a Hessian appeal court.

19 October 2022

Introducing the BBF: Germany to create new AML authority

Germany will create a new regulator to tackle money laundering and other financial crime, as a report from the Financial Action Task Force says the world’s fourth-biggest economy needs to be more proactive in its AML efforts.

25 August 2022

BaFin caps N26 growth

Germany’s regulator has intervened to slow the growth of digital bank N26, imposing a cap on new customers, as counsel from Osborne Clarke, White & Case and Freshfields advise on a funding round positioning it as the highest-valued fintech in the German market.

20 October 2021

BaFin releases “counterproductive” anti-greenwashing proposals

Germany’s banking regulator has proposed tighter rules on when investment funds can label something “sustainable”, but a local industry group says the rules could damage the country as an investment location.

05 August 2021

BaFin grants first crypto licence, with Eversheds advising

Germany’s banking regulator has granted crypto exchange Coinbase a licence to store and administer crypto assets, the first of its kind since new legislation was passed last year.

01 July 2021

Italian regulators intervene to rescue local Greensill casualty

Italy’s central bank has arranged the compulsory liquidation and sale of local lender Aigis, after it collapsed under the weight of its exposures to Greensill’s German banking subsidiary.

26 May 2021

Ashurst hires former Deutsche GC

Former Deutsche Bank general counsel Florian Drinhausen has joined Ashurst, a year after he departed the bank.

21 May 2021

Spain and Germany move on digital assets

Spain’s securities regulator has softened its stance on cryptoassets, granting investment funds permission to trade in them, while in Germany new legislation on blockchain-based digital securities has entered into effect.

19 May 2021

Greensill and Archegos losses prompt Credit Suisse class action

Credit Suisse is facing a proposed class action in New York, over allegations it hid defects in its risk policies so it could extend excessive leverage to trade finance provider Greensill and family office Archegos Capital.

21 April 2021

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