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Austria Adopts Statutory Outsourcing Regime for Credit Institutions
  • Schoenherr
  • Austria, European Union
  • November 22 2017

The Austrian parliament recently passed an amendment to the Austrian Banking Act (Bankwesengesetz - BWG), introducing a new statutory outsourcing


Österreich führt gesetzliche Regelungen für Auslagerungen von Kreditinstituten ein
  • Schoenherr
  • Austria
  • November 19 2017

Das österreichische Parlament hat eine Novelle zum Bankwesengesetz (BWG) verabschiedet, die erstmals rechtsverbindliche Regelungen für die


EU: Non-Performing Loans - Challenges Ahead and Recent Developments
  • Schoenherr
  • European Union
  • November 17 2017

On 10 November 2017, the European Commission launched a targeted consultation on minimum levels of capital for banks in the context of non-performing


What is Fit&Proper? Challenges Under the New Joint Fit&Proper Guidelines of ESMA and EBA
  • Schoenherr
  • European Union
  • October 25 2017

On 26 September 2017, the European Banking Authority ("EBA") and the European Securities and Markets Authority ("ESMA") published the final report of


EU: High-Level Expert Group on Sustainable Finance delivers early recommendations
  • Schoenherr
  • European Union
  • July 24 2017

On 13 July 2017, the High-Level Expert Group ("HLEG") on Sustainable Finance published its interim report ("Interim Report") setting out concrete


EU: Council Introduces Action Plan for NPLs
  • Schoenherr
  • Austria, European Union
  • July 19 2017

On 10 July 2017, the Commission announced the public consultation on the development of secondary markets for non-performing loans (NPLs) and


EU: Members of the European Parliament Call for Only Limited Harmonisation of Covered Bonds Markets
  • Schoenherr
  • European Union
  • June 22 2017

On 21 June 2017, members of the European Parliament (MEPs) called for limited harmonisation and a common definition of covered bonds in the European


The EU Capital Markets Union - Mid-term Review of the Capital Markets Union Action Plan
  • Schoenherr
  • United Kingdom, European Union
  • June 14 2017

In September 2015 the European Commission ("Commission") adopted an action plan on building a capital markets union (the "CMU") (the "CMU Action


ECB Publishes Practical Fit and Proper Assessments Guide for Board Members of Credit Institutions
  • Schoenherr
  • European Union
  • May 18 2017

On 15 May 2017, the European Central Bank ("ECB") published a guide on fit and proper assessments (the "Fit and Proper Guide"), which reflects the


Hungary: Increase of Minimum Sale Price May Affect Retail NPL Transactions?
  • Schoenherr
  • Hungary
  • March 10 2017

On 7 March 2017, the Hungarian parliament adopted a law that increases the minimum sale price of a residential property in the enforcement procedure