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5 Results from "Renate Prinz"

DORA takes effect: Digital resilience and cybersecurity in the EU
Renate Prinz

Renate Prinz Partner at McDermott Will & Emery LLP

DORA takes effect: Digital resilience and cybersecurity in the EU

European financial supervision has a clear enemy that needs to be mitigated: cyber risks. The idea that a major banking or payment system could be hacked triggers fear of major economic crises, depending on the scale of such a hack. Thus, there is a clear focus on IT security in the banking system to ensure the stability of the financial market, e...

/Sibos

Reverse solicitation: Is this the end to license-free provision of financial services?
Renate Prinz

Renate Prinz Partner at McDermott Will & Emery LLP

Reverse solicitation: Is this the end to license-free provision of financial services?

The reverse solicitation rule has become increasingly important in the cross-border financial services sector since Brexit. In short, it enables the cross-border provision of financial services or the granting of loans without the necessary authorisation in the recipient country if the service is requested at the customer’s exclusive initiative. F...

/regulation

Non-Performing Loans are now subject to regulation: What it means
Renate Prinz

Renate Prinz Partner at McDermott Will & Emery LLP

Non-Performing Loans are now subject to regulation: What it means

Let’s take a moment to remember the time after the financial crisis of 2007 and 2008: credit institutions tried at all costs to get rid of their huge non-performing-loan (NPL) portfolios. In our daily legal work, we repeatedly supported those institutions, explaining what was possible, how it could be done and, above all, what was not possible for...

/regulation

What to expect from the EU's new PSD3, PSR and FIDA regulations
Renate Prinz

Renate Prinz Partner at McDermott Will & Emery LLP

What to expect from the EU's new PSD3, PSR and FIDA regulations

This article was co-authored by Annabelle Rau, associate at McDermott, Will & Emery. In November 2015 the Payment Services Directive II (PSD2) on payment services in the internal market came into force, most of the rules are applicable under the according Member State laws since January 2018. PSD2 led to much turmoil among payment service prov...

/regulation

Understanding the regulatory landscape for crypto-assets in Germany and the EU
Renate Prinz

Renate Prinz Partner at McDermott Will & Emery LLP

Understanding the regulatory landscape for crypto-assets in Germany and the EU

Currently, we can read many summaries and briefings on the new Market in Crypto Assets Regulation (“MiCAR”) everywhere. For sure, MiCAR has the potential to give the EU crypto market a huge push forward. From what we can see so far, regulation for new business models especially in the Fintech market is not as bad as everyone supposed before. We al...

/regulation

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