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We are pleased to advise that the recording for our September 2017 MiFID II Academy webinar is now available. To access the recording, please click here
On April 27, 2017 our next financial services and products breakfast briefing will take place in Frankfurt. Manuel Adamini, Director of Investor Outreach & Partners Programme, Climate Bonds Initiative and Rüdiger Litten will hold a presentation on the topic “Green Bonds”. The presentation will especially focus on the question: What makes a green bond green? The invitation to the seminar and how to register your attendance can be found here.…
The German Banking Industry Committee (Die Deutsche Kreditwirtschaft), which represents approximately 1,700 banks in Germany has published comments on the European Commission’s Capital Markets Union (Kapitalmarktunion) mid-term review. In principle, the German Banking Industry Committee welcomes the Commission’s intention to update and complete the Action Plan on Building a Capital Markets Union. It recommends a review of the existing regulation of the capital market as part of the introduction of future rules and regulations. The objective…
On February 23, 2017 our next financial services and products breakfast briefing will take place in Frankfurt. Rüdiger Litten will hold a presentation on the topic “Derivatives Regulation – Updater”. The presentation will highlight recent developments such as EMIR – risk mitigation methods Interplay of CRR-EK-requirements and Central Clearing Implementation of central derivative aspects of MiFID II /MiFIR in Second Financial Markets Amendment Act (Zweites Finanzmarktnovellierungsgesetz – 2. FiMaNoG) The invitation to the seminar and how to…
On January 26, 2017 our next financial services and products breakfast briefing will take place in Frankfurt. Katrin Scheicht will hold a presentation on the revised version of the Remuneration Ordinance for Institutions (Institutsvergütungsverordnung – InstitutsVergV). The presentation will outline the significant changes to the InstitutsVergV; specifically explaining the difference between fixed and variable remuneration (i.e. severance payments, documentation obligations and disclosure requirements). Furthermore, new regulations on the remuneration systems’ requirements for risk bearers acting for important…
Our European financial services team will be hosting a series of seminars in November 2016 across our offices in France, Germany, Italy and the Netherlands. The seminars will focus on MIFID II and will cover: Update on the European legislative process including local implementation Highlights from the new conduct requirements Thoughts on the new market structures Other interesting issues around execution and post-trade More information and booking details for each seminar can be found via…
On October 27, 2016 our financial services and products team in Frankfurt will be holding its latest breakfast seminar, which will explore BaFin’s intended prohibition of the marketing, distribution and sale of credit-linked notes (Bonitätsanleihen) to retail clients as well as its ongoing investigations of CfDs and binary options. The invitation to the seminar and how to register your attendance can be found here.…
Our Regulation tomorrow blog goes from strength to strength, with the addition of Germany to our existing coverage of Africa, Asia, Australia, Canada, the United Kingdom, Italy, the Netherlands and the United States.  EU-level updates will also be featured on our new German page. New blog posts from Germany include: Ban on CFDs by BaFin feasible BaFin has published Circular on disclosure of encumbered and unencumbered assets BaFin has published an expert article on Fintechs
As reported in a previous article, the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) has organized a public hearing on the prohibition of the marketing, distribution and sale of certificates linked to creditworthiness risks (“credit-linked notes” (Bonitätsanleihen)) to retail clients within the meaning of section 31a (3) of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG). The following pressure groups have submitted committed reasoned opinions on this issue and published them: The…
The German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin)  has organized a public hearing on the prohibition of the marketing, distribution and sale of certificates linked to creditworthiness risks (“credit-linked notes” (Bonitätsanleihen)) to retail clients within the meaning of section 31a (3) of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG). The subject of the administrative act are credit linked notes which offer a means of investing in a borrower’s credit rating. The…