Bankwesen & Finanzen

Willkommen auf Law-Now für Bankwesen & Finanzen.

Auf dieser Seite finden Sie Fachartikel und Publikationen unserer Experten für Bankwesen & Finanzen.

Bleiben Sie stets auf dem Laufenden, indem Sie das Bookmark zu dieser Seite auf Ihr mobiles Endgerät laden oder unsere eAlerts abonnieren.

Aktuelle eAlerts

  •  
    19/07/2024
    Luxemburg

    New regime relating to non-performing loans

    The law of 15 July 2024 on transfer of non-performing loans (the “Law”) was published in the Official Journal of the Grand-Duchy of Luxembourg. It aims at implementing Directive (EU) 2021/2167 on credit servicers and credit purchasers into Luxembourg law. The Law primarily sets out a legal framework enabling the transfer of non-performing loans (the “NPLs”) from bank’s balance sheets therefore achieving the creation of a secondary market for NPLs. It also creates new categories of service providers which will be subject to authorisation requirements under the law of...
    Mehr
  •  
    09/07/2024
    United Kingdom

    Analyse, Assess and Address – Regulatory focus on Private Equity

    The Second Quarter of 2024 saw a series of publications by the Bank of England (BoE), the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) on potential risks the private equity (PE) sector poses to the regulated sector.  This article draws out the key themes in these recent developments before examining what it means for those impacted, including PE firms, PE owned financial services businesses, and lenders.Regulatory engagement with industry sectors tends to follow an analyse, assess and address model – regulators gather information about the sector, assess...
    Mehr
  •  
    08/07/2024
    EU

    ESAs’ final reports on Greenwashing in the financial sector

    BackgroundMandated by the European Commission (the “EC”) in May 2022, the European Supervisory Authorities (“ESAs”) published their individual final report (the “Final Report”) on greenwashing risks and sustainability-related supervision, complementing the progress report issued in June 2023 (the “Progress Report”).While the Progress Report aimed to define greenwashing risks and outlines the key drivers and key areas of occurrence of greenwashing within the financial markets, the Final Report investigates further the role of supervision in the mitigation...
    Mehr
  •  
    04/07/2024
    Türkei

    Türkiye enacts long-awaited regulations on cryptoassets

    The draft regulations for cryptoassets, submitted to the Presidency of the Grand National Assembly of Türkiye in May, have now entered into force through their publication in the Official Gazette on 2 July 2024 (Law Amendment).The Law Amendment generally governs crypto activities and cryptoasset service providers (Service Providers) by introducing licensing, compliance, and transaction requirements. Significantly, these regulations also stipulate a transition period during which cryptoasset service providers must fulfil specific declaration obligations within one month of the regulations coming...
    Mehr
  •  
    04/07/2024
    International

    Russia sanctions: Non-EU subsidiaries to comply with EU law

    On 24 June 2024, the EU adopted the 14th package of sanctions against Russia, introducing new restrictions on goods and services and listing more individuals and legal persons. In practice, more relevant may be the novel provisions that target "circumventions" and introduce new compliance requirements and liabilities for EU operators, especially concerning the conduct of their non-EU subsidiaries.In addition to these new compliance obligations on which we focus in this article, other relevant changes brought about by the 14th package include:Sectoral sanctions targeting Russia's LNG sector, including...
    Mehr
  •  
    28/06/2024
    United Kingdom

    FCA publishes Consumer Duty outcomes review – what do I need to know?

    The FCA has published the results of its multi-firm review into Consumer Duty outcomes monitoring. Although the review concentrated on 20 of the larger insurance firms, the FCA’s observations are relevant to all retail financial services firms and all firms should consider the review’s findings.What are the key takeaways for firms?Firms tend to concentrate too much on processes being completed rather than on outcomes being delivered. For example, reporting on whether there are overdue value assessments or product reviews, without providing any insight into the key findings, lessons...
    Mehr