Germany: Capital Adequacy/BASEL

With effect of March 18, 2016 the legislator has now implemented into law the new administrative practice of the German Federal Financial Supervisory Authority.

In our Client Memo of December 2, 2011, we reported on the adoption of the "Act Reforming the Laws on Intermediaries for Financial Investments and on Investment Products" ("Act").

The financial crisis in 2008 has led to regulatory changes in the financial sector worldwide. The regulatory environment for banks organised in the European Economic Area ("EEA") in particular has been subject to many material changes since 2008, and further regulatory changes are in the process of implementation by the competent national and supranational authorities.