Europe’s financial sector is undergoing a profound transformation: with the DORA Regulation and the NIS2 Directive, the European Union has introduced two key legislative acts that fundamentally reshape the digital resilience of financial institutions and critical infrastructures. DORA focuses on the digital operational resilience of the financial sector and, for the first time, establishes direct oversight of critical ICT service providers by the European Supervisory Authorities. In parallel, NIS2 expands the European cybersecurity framework to 18 sectors and introduces cross-sector minimum standards.
Continue ReadingTag: Financial Services
DORA and NIS2 in Practice
By Renate Prinz | Natallia Karniyevich on 20. November, 2025
Posted In Cybersecurity, Dora, EU, Financial Services, NIS2
The Accessibility Improvement Act and the Affected Banking Services
By Renate Prinz | Dr. Cornelius Hille on 26. June, 2025
Posted In EU, Financial Services
The Accessibility Improvement Act (Barrierefreiheitsstärkungsgesetz, BFSG) comes into force on June 28, 2025.
Continue ReadingNotifications go digital – BaFin enables digital notifications regarding Money Laundering Reporting Officers
By Dr. Cornelius Hille on 17. June, 2025
Posted In Banking Supervision, Financial Services, Funds, Payment Services
The German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin) will be using its reporting and publication platform portal (Portal der Melde- und Veröffentlichungsplattform, MVP-Portal) for certain notifications in relation to Anti-Money Laundering requirements in the future.
In particular, this concerns all matters relating to the Money Laundering Reporting Officers and their deputies which must be notified to BaFin in advance, covering:
