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Financing property in Germany – a market with risks and opportunities for Dutch banks and consumers

Financing property in Germany – a market with risks and opportunities for Dutch banks and consumers

Penalties for accelerated repayment of mortgages The number of Dutch citizens who buy a house just across the border in Germany has continued to increase in recent years. The favourable housing prices and the low cost of living are the main reasons for moving to Germany. The influx of Dutch ... Read More »

Citigroup, Inc. to pay $7 billion in a global settlement with the Department of Justice for the company’s role in the financial crisis

Citigroup, Inc. to pay $7 billion in a global settlement with the Department of Justice for the company’s role in the financial crisis

The Justice Department, along with federal and state partners, today announced a $7 billion settlement with Citigroup Inc. to resolve federal and state civil claims related to Citigroup’s conduct in the packaging, securitization, marketing, sale and issuance of residential mortgage-backed securities (RMBS) prior to Jan. 1, 2009. The resolution includes a ... Read More »

Guidelines on complaints-handling by insurance intermediaries.

Guidelines on complaints-handling by insurance intermediaries.

It is the Financial Supervisory Authority of Norway (FSA) who oversees the insurance intermediaries complaints proceedings. The European Insurance and Occupational Pensions Authority (EIOPA) announced on 16 May 2014 “Guidelines on complaints handling by insurance intermediaries”. These guidelines have been prepared with the aim to contribute to a coordinated supervision ... Read More »

Norwegian regulation on management of Alternative Investment Funds

Norwegian regulation on management of Alternative Investment Funds

The Norwegian Ministry of Finance has recently proposed for Parliament a new law on the management of alternative investment funds. The proposal implements the estimated future EEA obligations corresponding to the European Parliament and Council Directive 2011/61/EU, referred to as the AIFM Directive (“Alternative Investment Fund Managers Directive”). The AIFM ... Read More »

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The Swedish Financial Supervisory Authority is taking steps toward an increased consumer protection

The Swedish Financial Supervisory Authority is taking steps toward an increased consumer protection

The Swedish Financial Supervisory Authority (Sw. Finansinspektionen) believes that the consumer’s position in the financial market in general is good despite significant conflicts of interest and complexity of many services. The range of financial services and the options have increased in the past decade. This leads to more financial decisions ... Read More »

Community Banks Get Some Relief from the Requirements of the Volcker Rule

Community Banks Get Some Relief from the Requirements of the Volcker Rule

In a move that should offer some relief to community banks, five federal financial regulatory agencies (the Federal Reserve Board, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Securities and Exchange Commission and the Commodity Futures Trading Commission), have approved an interim final rule ... Read More »

Payment Institutions

Payment Institutions

Malta’s banking sector has taken great strides forward in the last fifteen years, expanding from four banks offering services to the Maltese population to a sophisticated EU-compliant banking sector which comprises a large amount of payment institutions (PIs) complementing this sector. Read More »

Project financing: Italian supervisory authority publishes a new market consultation opportunity

Project financing: Italian supervisory authority publishes a new market consultation opportunity

The Italian Authority for the Supervision of Public Contracts for works, services and supplies (AVCP) has initiated a public consultation process (by issuing the so-called “Consultation Document”) to elicit from interested parties review and comment of the Determinations of January 14, 2009 no. 1 (Project Finance Guidelines after the entering ... Read More »

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