Germany

On 18 June 2025, the Council of the EU issued a press release stating that Member States’ representatives (Coreper) had approved the Council’s stance on the proposed Payment Services Regulation and the Payment Services Directive 3. The agreement on the Council’s negotiating mandate allows the Presidency to start negotiations with the European Parliament on a

On 17 June 2025, the European Commission (Commission) published a legislative package on the review of the securitisation framework in the EU.

Background

The current EU securitisation framework consists of the Securitisation Regulation, which sets out a general framework for all securitisations in the EU and a specific framework for simple, transparent

On 18 June 2025, the European Banking Authority (EBA) issued a consultation paper on draft regulatory technical standards (RTS) specifying the minimum list of information to be provided to the competent authorities at the time of the notification under Article 23(6) of the Capital Requirements Directive IV (CRD IV).

Background

The

On 18 June 2025, the European Commission adopted a Delegated Regulation amending the regulatory technical standards (RTS) laid down in Delegated Regulations (EU) 2017/583 and (EU) 2017/587 as regards transparency requirements for trading venues and investment firms in respect of bonds, structured finance products, emission allowances, and equity instrument.

Background

The review of

On 18 June 2025, there was published in the Official Journal of the EU, Commission Delegated Regulation (EU) 2025/1190 of 13 February 2025 supplementing Regulation (EU) 2022/2554 of the European Parliament and of the Council with regard to regulatory technical standards specifying the criteria used for identifying financial entities required to perform threat-led penetration testing

In the latest episode of our EMEA insights series, Michael Born from our Frankfurt office discusses recent communications from the German regulator on MiCA and the CRD 6. He also covers BaFin’s recent Annual Press Conference where the regulator discussed adjusting its own supervisory practice wherever possible to create more flexibility for small and medium