13 September 2019
ECJ Decision: The end of the Germany’s darling SEPA direct debit?
www.twobirds.com/en/news/articles/2019/germany/eugh-urteil-das-ende-der-lastschrift

The ECJ ruled on 5 September 2019 (Case C-28/18) that the acceptance of payments via SEPA direct debit by companies shall not be made conditional to the customer's place of residence.

02 July 2019
German implementation of AMLD5: Performance of anti-money laundering due diligence by third parties under the draft bill for the implementation of Directive (EU) 2018/843
www.twobirds.com/en/news/articles/2019/germany/german-implementation-of-amld5

The German Ministry of Finance published a proposal to implement Directive (EU) 2018/843 (fifth Anti-Money Laundering Directive) into German national law. The draft proposes changes when using trusted third parties.

21 August 2019
PSD2: BaFin announces postponing SCA-rules for online credit card payments in Germany
www.twobirds.com/en/news/articles/2019/germany/psd2-bafin-announces-postponing-sca-rules-for-online-credit-card-payments-in-germany

The requirement of Strong Customer Authentication (SCA) for payment service providers was scheduled for 14 September 2019. Germany’s Federal Financial Supervisory Authority (BaFin), however, just announced it will not ...

01 April 2020
COVID-19: BaFin complements economic relief measures through lowering countercyclical capital buffer
www.twobirds.com/en/news/articles/2020/germany/covid-19-bafin-complements-economic-relief-measures-through-lowering-countercyclical-capital-buffer

BaFin issued a general decree that lowers the required quota for the domestic countercyclical capital buffer to 0 per cent.

01 April 2020
COVID-19: German Regulator BaFin uses “Full supervisory flexibility”
www.twobirds.com/en/news/articles/2020/germany/covid-19-german-regulator-bafin-uses-full-supervisory-flexibility

The German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) set up an emergency Website informing financial institutions, regulated entities and the public on all ...

03 April 2020
COVID-19: Germany establishes Economic Stabilisation Funds
www.twobirds.com/en/news/articles/2020/germany/covid-19-germany-establishes-economic-stabilisation-funds

To combat the Novel Coronavirus (COVID-19), the German Federal Government is taking a wide array of measures. Revisiting a proven instrument to combat economic upheaval, the government has established a EUR 600 billion ...

15 May 2019
Credit risk – BaFin consultation regarding positions associated with particular high risk
www.twobirds.com/en/news/articles/2019/germany/credit-risk-bafin-consultation-regarding-positions-associated-with-particular-high-risk

German regulator BaFin released its new draft circular on exposures associated with high risk.

17 May 2019
Liberation of Crowdfunding in germany
www.twobirds.com/en/news/articles/2019/germany/liberation-of-crowdfunding-in-germany

German Legislator reforms rules for crowdfunding allowing for broader exemption, transparency and investor protection

07 May 2019
PSD2/ZAG: Strong Customer Authentication and Direct Debiting Schemes
www.twobirds.com/en/news/articles/2019/germany/psd2-zag-strong-customer-authentication-and-direct-debiting-schemes

German regulator BaFin limits the application of strong customer authentication for direct debiting schemes.

01 April 2019
Brexit: What do customers of British Financial Institutions in Germany need to know?
www.twobirds.com/en/news/articles/2019/germany/brexit-what-do-customers-of-british-financial-institutions-in-germany-need-to-know

With no foreseeable positive decision regarding Brexit, a so-called No-Deal Brexit is most likely. What does this mean for customers of British financial institutions, the European Passport and is German banking ...