On 17 June 2025, the European Commission (the "Commission") published its proposed measures to revive the securitisation framework in the European Union ("EU"), with a view to making it simpler and more fit for purpose. This...more
8/25/2025
/ Asset-Backed Securities ,
Capital Markets ,
EU ,
European Banking Authority (EBA) ,
European Commission ,
European Securities and Markets Authority (ESMA) ,
European Supervisory Authorities (ESAs) ,
Regulatory Reform ,
Securitization ,
Securitization Market ,
Securitization Standards ,
Securitization Vehicles
Direct ownership of crypto-assets or mere exposure to the value of crypto-assets is an investment decision, with both investment methods requiring specific approaches to mitigate and manage risks effectively....more
8/21/2025
/ Cryptoassets ,
EU ,
Exchange-Traded Products ,
Financial Conduct Authority (FCA) ,
Financial Markets ,
Investment ,
Investment Funds ,
Regulatory Requirements ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
UK
On 17 June 2025, the European Commission (the "Commission") published its proposed measures to revive the securitisation framework in the European Union ("EU"), with a view to making it simpler and more fit for purpose. This...more
8/19/2025
/ Due Diligence ,
EU ,
European Commission ,
Financial Regulatory Reform ,
Financial Services Industry ,
Institutional Investors ,
Regulatory Requirements ,
Risk Assessment ,
Risk Retention ,
Securitization Market ,
Securitization Standards ,
Securitization Vehicles
On 17 June 2025, the European Commission (the "Commission") published its proposed measures to revive the securitisation framework in the European Union ("EU"), with a view to making it simpler and more fit for purpose. This...more
On 17 June 2025, the European Commission (the "Commission") published its proposed measures to revive the securitisation framework in the European Union ("EU"), with a view to making it simpler and more fit for purpose. This...more
8/4/2025
/ Asset-Backed Securities ,
Banks ,
Capital Requirements Regulation (CRR) ,
EU ,
European Commission ,
Financial Regulatory Reform ,
Proposed Legislation ,
Regulatory Reform ,
Regulatory Requirements ,
Risk Management ,
Securitization ,
Securitization Market ,
Securitization Standards ,
Securitization Vehicles
Following the recent focus on two major regulatory frameworks—the Guiding and Establishing National Innovation for U.S. Stablecoins Act (known as the GENIUS Act) in the United States, and Regulation (EU) 2023/1114 of the...more
7/28/2025
/ Cryptocurrency ,
Digital Assets ,
EU ,
Financial Markets ,
Financial Regulatory Reform ,
Financial Services Industry ,
FinTech ,
New Legislation ,
Regulatory Oversight ,
Regulatory Reform ,
Regulatory Requirements ,
Stablecoins ,
The GENIUS Act
On 17 June 2025, the European Commission (the "Commission") published its proposed measures to revive the securitisation framework in the European Union ("EU"), with a view to making it simpler and more fit for purpose. This...more
7/28/2025
/ Capital Markets ,
EU ,
Financial Markets ,
Investment ,
Proposed Amendments ,
Proposed Rules ,
Regulatory Agenda ,
Regulatory Reform ,
Reporting Requirements ,
Securitization ,
Securitization Standards ,
Transparency
In January 2019, the EU introduced its current regulatory framework for securitisations, seeking to improve transparency, robustness, and market confidence following the global financial crisis. Market participants have...more
7/18/2025
/ Banks ,
Capital Markets ,
Capital Requirements ,
EU ,
Financial Regulatory Reform ,
Insurance Industry ,
Proposed Rules ,
Regulatory Reform ,
Risk Management ,
Securitization ,
Securitization Standards
DORA, the first EU regulation designed to establish a unified and robust digital resilience standard for the financial sector, becomes directly applicable on January 17, 2025, introducing significant penalties and...more
EMIR 3, published in the Official Journal of the EU on December 4, 2024, introduces substantive changes to the existing clearing framework and margining exemptions under the EMIR Regulation....more
The EU Listing Act, approved by the EU Council on October 8, 2024, and entering into force on December 4, 2024, introduces key changes to the EU Prospectus Regulation, offering greater flexibility for issuers of debt...more
The Situation: The G20, a forum for governments and central bank governors from 19 countries and the European Union, had made the decision to combat money laundering and terrorism financing activities tied to the use of...more
7/1/2019
/ Anti-Money Laundering ,
Cryptoassets ,
Cryptocurrency ,
EU ,
EU Directive ,
Financial Instruments ,
Financial Regulatory Reform ,
Financial Services Industry ,
G20 ,
Licensing Rules ,
Popular ,
Securities Tokens ,
Virtual Currency
The Situation: On January 9, 2019, the European Securities and Markets Authority ("ESMA") issued advice to the EU Commission, Council, and Parliament on initial coin offerings ("ICOs") and crypto assets.
The Result: ESMA...more
2/22/2019
/ Anti-Money Laundering ,
Blockchain ,
Cryptoassets ,
Distributed Ledger Technology (DLT) ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Instruments ,
Initial Coin Offering (ICOs) ,
MiFID II ,
Regulatory Standards ,
Token Sales
The Court Decision: On September 25, 2018, the Higher Regional Court of Berlin held that bitcoins would not qualify as financial instruments for the purposes of the German Banking Act (Kreditwesengesetz, "KWG"), thus...more
11/1/2018
/ BaFin ,
Cross-Border Transactions ,
Cryptocurrency ,
Distributed Ledger Technology (DLT) ,
EU ,
German Banking Act ,
Germany ,
Initial Coin Offering (ICOs) ,
MiFID II ,
Securities Regulation ,
Token Sales
Draft Regulatory Technical Standards on Content and Format of the STS Notification -
Regulation (EU) 2017/2402, which lays down a general framework for securitisation and creates a specific framework for simple,...more
3/16/2018
/ Banking Sector ,
Creditors ,
EIOPA ,
EU ,
European Banking Authority (EBA) ,
European Securities and Markets Authority (ESMA) ,
European Supervisory Authorities (ESAs) ,
Financial Institutions ,
Regulation Technical Standards (RTS) ,
Regulatory Standards ,
Transparency
Regulation (EU) 2017/2402 laying down a general framework for securitisation and creating a specific framework for simple, transparent and standardised securitisation ("Regulation") came into force on 18 January 2018 and will...more
3/6/2018
/ Aggregation Rules ,
Capital Requirements ,
Data Collection ,
EMIR ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Institutions ,
Financial Services Industry ,
MiFID II ,
Reporting Requirements ,
Securitization ,
Securitization Standards ,
Trade Repositories
Draft Technical Standards Published for Consultation by the European Supervisory Authorities—An Update and Overview -
Regulation (EU) 2017/2402, which is known as the "Securitisation Regulation" and lays down a general...more
For the benefit of our clients and friends investing in European distressed opportunities, our European Network is sharing some current developments...more
3/28/2017
/ Anti-Corruption ,
Avoidance ,
BaFin ,
Corporate Taxes ,
Creditors ,
Cross-Border ,
Debtors ,
EU ,
Foreign Investment ,
France ,
Germany ,
Insolvency ,
Italy ,
Netting Agreements ,
Sapin II