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Discover thought leadership and legal insights by our legal experts from across CMS. In our Expert Guides, written by CMS lawyers from across the jurisdictions where we operate, we provide you with in-depth legal research and insights that can be read both online and offline. You can also find Law-Now articles, newsletter and other publications with focused legal analysis, commentary and insights to help you anticipate future challenges and much more.



Expertise
29/12/2017
German Remuneration Ordinance for Institutions 2.0 – the key changes
The German Remuneration Ordinance for Institutions (In­sti­tuts­ver­gü­tungs­ver­or­d­nung – “IVV”) has been amended again in light of the EBA Guidelines (EBA/GL/2015/22) on sound remuneration policies...
28/12/2017
BaFin’s product intervention powers in a new light
Section 4b(1) of the German Securities Trading Act (Wer­t­papi­er­han­dels­ge­setz, “WpHG”) gives the Federal Financial Supervisory Authority (Bundesanstalt für Fin­an­zdi­enstleis­tung­sauf­sicht, “BaFin”)...
27/12/2017
New regulations for account information services
A business model that offers exciting opportunities for fintech companies in particular, and which is set to gain in practical importance, relates to “account information services”. Such services...
22/12/2017
Blockchain: from hype to securities settlement reality
Ever since the invention of the Internet, the market has seen every digital project as the next big thing. Blockchain emerged just a few years ago in the context of Bitcoin, the cryptocurrency, but is...
21/12/2017
Cryptocurrency as a means of payment
Cryptocurrencies are gaining ground as a new means of payment. But what exactly are crypto­cur­ren­cies, what benefits do they offer and what is the legal situation?A cryptocurrency is a medium of exchange...
20/12/2017
Negative interest rates – the legal context
Negative interest rates have played an increasingly significant role in banking practice ever since the European Central Bank (ECB) began imposing negative rates on deposits from commercial banks in 2014...