The Association of Foreign Banks in Germany (Verband der Auslandsbanken in Deutschland e.V. – VAB) has published a position paper regarding the Second Financial Markets Amendment Act (Zweites Finanzmarktnovellierungsgesetz – 2. FiMaNoG). The VAB paper focuses on proposed amendments to the Securities Trading Act (Wertpapierhandelsgesetz – WpHG) and the Banking Act (Kreditwesengesetz – KWG) The VAB position paper can be found here. Additionally, a short description of the VAB’s comments on the 2. FiMaNoG can be found here in German.