Another year, another big event for conaisseurs of financial regulation: On October 31, the „Financial Stability Conference“ takes places again. It is organised by the „Financial Risk and Stability Network". Suffice it to say that speakers and participants are drawn from the top tier of European financial policymakers; German state secretary in the Ministry of Finance … Continue reading Conference in Berlin, October 31 – Financial Risk and Stability Network
Next spring, I will spend part of my legal clerkship at Acatus, a Fintech startup based in Berlin. Setting up a platform for real-time asset securitization, they are looking for lawyers, legal trainees and interns interested in financial regulation. I can only tell that the people I have met so are very friendly, highly ambitious … Continue reading Opportunity at “Acatus”: Gain regulatory experience in a Berlin Fintech Startup
The never-ending story of non-performing loans (NPLs) in the eurozone has now developed into a legal discussion. The ECB started out with „guidance to banks on NPLs“ in March last year and a subsequent „addendum“ presented in October. That NPL guidance has been criticised by the European Parliament and the EU Council for being a … Continue reading ECB’s “Power Grab”? The NPL guidance, it’s legal
In times of constant information overflow, even regulators have to fight for consumers' attention. The UK Financial Conduct Authority (FCA) now came up with this TV advert in order to alert consumers who have been missold PPI (payments protection insurance) to a looming deadline for making a complaint. It is..to say the least... extraordinary, bordering … Continue reading Nudging with Arnie
I would like to draw your attention to a conference about financial regulation taking place in Berlin on October 18, the „Financial Stability Conference“. It is organised by the „Financial Risk and Stability Network". Suffice it to say, that speakers and participants are just about the top tier of European financial policymakers and topics discussed are … Continue reading Financial Stability Conference in Berlin, October 18
With the Italian bank Monte dei Paschi di Siena (MPS) about to be bailed out again by the Italian taxpayer, push comes to shove: Are post-crisis reforms working? First and foremost, this concerns the innovative resolution instrument of "bail-in". While until a few days ago, there was no reason to assume that the vicious combination … Continue reading Regulators’ commitment to bail-in – is it credible? The case of MPS and Banco Popular
Not only is it actually getting warmer outside, spring also seems to be coming to the European regulatory landscape. Emmanuel Macron's victory in the French presidential election, the imminent Brexit negotiations and the uplift in the single market's economic outlook have lead to a thawing of regulatory thinking in policy circles. Several issues are currently … Continue reading A European Regulatory Spring?
For some, it is the panacea to all problems in banking, others sees it as just one pillar among many, while banks themselves usually complain about it: capital regulation. Should banks carry more equity? Always a prominent topic in financial regulation, it is once again on top of the policy agenda, with the US president ordering … Continue reading Equity, again
Lawmakers, regulators and academics spend much energy reforming the substantive regulatory subject matter. The equally important question of how to transform this „law in the books“ to the „law in action“ is less prominent. This is astonishing, given that the prevalent systems of both sectoral (banks, capital markets, insurance; e.g. the US system with OTC, … Continue reading Regulators’ competition: Towards an objective based regulatory architecture
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