Financial Regulation

On 30 June 2024, the first set of measures of the MiCa Regulation (“Markets in Crypto-Assets”) came into effect. This article outlines the provisions of the MiCa Regulation that are already in force and their implications for the crypto-sphere.

On 24 May 2024, the European Banking Authority (EBA) published a report on virtual IBAN (vIBANs) in which the EBA set outs characteristics and use cases of vIBANs and comments on identified risks associated with this development in the payments market.

The European financial markets feature numerous financial products with characteristics such as ‘green’, ‘ESG’, ‘sustainable’, ‘climate’, ‘transition’, ‘impact’ or similar. But when is it fair to name or label financial products as such?

On 30 of May 2024 the Council of the European Union adopted the Anti-Money Laundering and Anti-Terrorism Financing Package (the AML Package). The AML Package will have consequences for market parties.

Stibbe lawyers Marieke Driessen, Loes van Dijk and Ingrid van der Klooster contributed to the book 'Sustainable Finance in Europe' which was recently published.

AFM sets out the findings of its review of the use of alternative performance measures in financial reporting and concludes that Dutch issuers often fall short of the required level of transparency when reporting their alternative performance measures.

On 22 February 2024, the European Commission adopted two Delegated Regulations under the Regulation on digital operational resilience for the financial sector and four Delegated Regulations under the Markets in Crypto-Assets Regulation.

Le 15 janvier dernier, la loi introduisant le serment bancaire et des règles déontologiques dans le secteur bancaire était publiée au Moniteur belge.