I. Judgement On 5 May 2020, the German constitutional court (Bundesverfassungsgericht – “BVerfG“) decided in a landmark judgment about the compatibility of the Public Sector Asset Purchase Program launched by the European Central Bank (“ECB“) in March 2015 (“PSPP“)[1] with German constitutional law. The BVerfG expressly excluded the EUR 750 billion Pandemic Emergency Purchase Program … Continue Reading
– Final Report of the High Level Forum on the Capital Markets Union – I. Capital Markets Union The Capital Markets Union seeks to remove regulatory and non-regulatory obstacles to the free movement of capital across borders, thus creating new opportunities across the Single Market for businesses, savers and investors and increasing the financial and … Continue Reading
On April 3, 2020, the European Commission launched two public consultations on a new digital finance strategy for Europe and on a retail payment strategy for Europe, which will both run until July 15, 2020. The consultations follow two other consultations on an EU framework for markets in crypto-assets and on a potential initiative on … Continue Reading
