Overview of German banking regulation 2023
The financial sector in Germany and in the EU has undergone significant changes in recent months and years and the regulatory environment continues to evolve. Increased digitalisation in the financial sector has found its reflection in several recent and upcoming regulations concerning matters such as cryptoassets, securities dematerialisation, anti-money laundering and cyber resilience. At the same time, ESG and sustainable finance are key trends in the current regulatory and supervisory framework.
Dr Jens H. Kunz and Klaudyna Lichnowska from our practice group Financial Services Regulation worked together with Global Legal Insights (GLI) and contributed the German law chapter to the multijurisdictional compendium “Banking Regulation 2023”. The contribution outlines the financial regulatory architecture in Germany, including banking governance, internal controls and bank capital requirements. It also addresses key regulatory developments in the financial sector, including on digitalisation, crypto assets, blockchain, artificial intelligence, cyber resilience and ESG/sustainable finance.
The full article can be viewed here.