
WHY THE SPECIAL ASSETS OF THE FEDERAL GOVERNMENT HAVE AN IMPACT ON THE CREDIT DEFAULT RISK!
GeneralThe German Federal Financial Supervisory Authority (BaFin) considers the correction on the real estate markets to be one of the top risks for 2025. The agreed special assets and the relaxation of the debt brake could lead to considerable...

BAFIN'S AML REVISION: IMPACT ON FIRST AND SECOND LINE OF DEFENSE
Anti-Financial CrimeOn November 29, 2024, BaFin published an updated interpretation and application note on the German Anti-Money Laundering Act ("AMLA"), which will come into force on February 1, 2025. With this long-awaited update, BaFin is pursuing the goal of...

Banking & Sustainability: Update on the EU taxonomy - simplification of reporting requirements
Sustainable BankingThe European Commission has presented a draft delegated act on the EU taxonomy that simplifies disclosure requirements for banks and companies. The aim is to reduce the administrative burden and improve the applicability of...