30 January 2020
Implementation of the fifth money laundering directive in Germany: increased penalty in the course of the transparency register
www.twobirds.com/en/news/articles/2020/germany/implementation-of-the-fifth-money-laundering-directive-in-germany

At the beginning of the year, the Fifth Money Laundering Directive (“AMLD5”) was implemented in Germany. Thereby, the German Money Laundering Act was subjected to an extensive reform, in regards to penalty infringements ...

16 April 2019
Credit risk – BaFin to adjust regulatory practice
www.twobirds.com/en/news/articles/2019/germany/credit-risk-bafin-to-adjust-regulatory-practice

BaFin announces to adopt EBA Guidelines

08 November 2019
Proposed Danish Regulation On Charges For Direct Debit Transactions
www.twobirds.com/en/news/articles/2019/global/proposed-danish-regulation-on-charges-for-direct-debit-transactions

On 6 November 2019, the Danish Minister for Industry, Business and Financial Affairs introduced a proposal for a new bill extending the scope of the prohibition of unreasonable charges in the Danish Payments Act to ...

13 June 2019
Competitive Edge: Competition & EU law news - June 2019
www.twobirds.com/en/news/articles/2019/global/competitive-edge-june-2019

Competitive Edge: Competition & EU law news - June 2019

07 May 2020
Slovakia & COVID-19 & Financial update
www.twobirds.com/en/news/articles/2020/slovakia/slovakia-covid19-financial-update

The COVID-19 pandemic is disrupting our daily lives, as well as entrepreneurs' operations in all business sectors. The state authorities must react fast and adopt legislation aiming at mitigating the COVID-19 negative ...

19 November 2019
CRD IV: EBA launches consultation on draft amended technical standards on passport notification
www.twobirds.com/en/news/articles/2019/global/eba-launches-consultation-on-draft-amended-technical-standards-on-passport-notification

On 13th November 2019, the European Banking Authority (EBA) published a Consultation Paper on the draft amended Regulatory Technical Standards (RTS) and Implementing Technical Standards (ITS) on passport notification. ...

24 February 2020
Danish implementation of EBA guidelines on outsourcing
www.twobirds.com/en/news/articles/2020/denmark/danish-implementation-of-eba-guidelines-on-outsourcing

On 20 February 2020, the Danish Financial Supervisory Authorities (Danish FSA) published consultations on two new executive orders on outsourcing in the financial sector setting out the requirements to financial ...

09 December 2019
Danish Competition and Consumer Authority publishes first decision and injunction on discriminatory access to accounts maintained by a credit institution
www.twobirds.com/en/news/articles/2019/denmark/danish-competition-and-consumer-authority-publishes-first-decision-and-injunction

On 4 December 2019, the Danish Competition and Consumer Authority (DCCA) published their first decision and injunction on discriminatory access to accounts maintained by a credit institution under Article 63(1) of the ...

22 November 2019
Case notes: Landmark ruling of the Court of Justice of the European Union (CJEU) on validity of airport charges
www.twobirds.com/en/news/articles/2019/global/case-notes-landmark-ruling-of-the-court-of-justice-of-the-european-union

The Court of Justice of the European Union (CJEU) has rendered a landmark decision ruling that airports must not agree with individual airport users preferential airport charges different from those approved by the ...

03 December 2019
PSD2: transitional period for strong customer authentication for remote card payments in Italy
www.twobirds.com/en/news/articles/2019/italy/psd2-transitional-period-for-strong-customer-authentication-for-remote-card-payments-in-italy

On 29 November 2019, Bank of Italy has issued a press release where it announced that it will grant an adjustment period until 31 December 2020 to comply with the PSD2 strong customer authentication (SCA) requirement ...