Germany’s Banking Regulation Landscape Undergoes Significant Shifts as Digitalisation Continues to Reshape Industry

Berlin

The German financial sector has been undergoing significant transformations in recent months and years, with the regulatory environment continuing to evolve in response. Key developments include increased digitalisation, which has led to new regulations on cryptoassets, securities dematerialisation, anti-money laundering, and cyber resilience.

Regulatory Environment: A Changing Landscape

• Digitalisation: Increased digitalisation has driven new regulations on:
  • Cryptoassets
  • Securities dematerialisation
  • Anti-money laundering
  • Cyber resilience
• Environmental, Social, and Governance (ESG): ESG and sustainable finance are playing a major role in the current regulatory framework.
• Adaptation Rate: The financial sector is being forced to adapt at an unprecedented rate.

Expert Insights

According to Dr. Jens H. Kunz, a leading expert on banking regulation from a prominent law firm’s Financial Services Regulation practice group:

“The financial sector is being forced to adapt at an unprecedented rate.”

A Comprehensive Overview of Germany’s Banking Regulatory Architecture

To provide insight into Germany’s banking regulatory architecture, our sister publication Global Legal Insights has partnered with leading experts in the field to produce a comprehensive multijurisdictional compendium titled “Banking Regulation 2023”. The publication includes a chapter on German law, which outlines the country’s financial regulatory framework, including key developments and trends.

Key Developments and Trends

• Digitalisation: Significant regulatory developments in digitalisation, cryptoassets, blockchain, artificial intelligence, cyber resilience, and ESG/sustainable finance.
• Banking Governance: Overview of Germany’s banking governance, internal controls, and bank capital requirements.

Staying Up-to-Date with the Latest Regulatory Developments

The “Banking Regulation 2023” publication offers a unique opportunity for financial institutions, regulators, and industry stakeholders to stay up-to-date with the latest regulatory developments and trends shaping the banking landscape in Germany and beyond.