Germany: Financial Services

BaFin has released draft guidance on amendments to Germany's Capital Investment Code (KAGB) following the Fund Risk Limitation Act (FRiG), introducing significant changes to authorization procedures for capital management companies. The circular addresses new requirements for senior managers, including mandatory full-time employment and EU residency rules, while providing grandfathering provisions for existing structures.

The European Securities and Markets Authority has issued a public statement clarifying that event contracts and prediction markets with binary outcomes fall under existing EU-wide prohibitions on binary options when marketed to retail clients.

Germany's financial regulator Bafin is undertaking a major structural reorganization to intensify supervision of anti-money laundering, counter-terrorism financing, and cyber risks across the financial sector. The authority is creating a new specialized Anti-Financial-Crime division and reallocating approximately 30 additional positions to high-risk areas, signaling heightened scrutiny for financial institutions. What does this mean for compliance frameworks and audit preparedness in the German banking sect

The EU's Markets in Crypto-Assets Regulation (EU) 2023/1114, commonly known as MiCAR, introduced a comprehensive framework for the regulation of crypto-assets across the EU, including detailed requirements...

Europa erlebt einen sicherheitspolitischen Paradigmenwechsel - mit gravierenden Konsequenzen weit über die Rüstungsbranche hinaus. Nele Frie und David Peroz analysieren, wie die strategische Neuausrichtung der europäischen Verteidigungspolitik Investorenperspektiven verändert, die Kapitalmärkte bewegt und die Debatte um nachhaltige Finanzregulierung neu entfacht.

Die Anwendung der Zinsschranke bei Personengesellschaften wirft erhebliche systematische und praktische Fragen auf. Diese treten besonders deutlich bei Beteiligungen von inländischen Steuerpflichtigen an ausländischen Personengesellschaften hervor, wie sie typischerweise bei internationalen Private Equity Strukturen anzutreffen sind.

The ESRB published a report on financial stability risks from linkages between banks and the non-bank financial intermediation (NBFI) sector.

On 9 February 2026, the Location Promotion Act (Standortfördergesetz, StoFöG) was published in the Federal Law Gazette (Bundesgesetzblatt).

After the European Banking Authority (EBA) handed over its anti-money laundering functions to the Anti-Money Laundering Authority (AMLA) on 31 December 2025...