Marco Brand

Dr. Marco Brand is an associate in Covington’s Frankfurt office and a member of the corporate team. His practice focuses on financial regulatory law, in particular banking and asset management regulation, as well as on corporate matters and debt capital markets. Mr. Brand has also experience in advising FinTech companies and payment service providers.

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European Crowdfunding Regulation

By Marco Brand on Posted in Regulatory Compliance
A. Overview On 20 October 2020, Regulation (EU) 2020/1503 of 7 October 2020 on European crowdfunding service providers for business (“Crowdfunding Regulation”), which applies from 10 November 2021, was published in the Official Journal of the European Union. This is the first regulation of crowdfunding services on a European level. Up to now, crowdfunding has … Continue Reading

Recent Developments on the German Ringfencing Regulation

By Marco Brand on Posted in Financial Markets, Regulatory Compliance
I. The German Ringfencing Act As a reaction to the financial crisis in 2007/2008 and to address risks in connection with the “too big to fail” phenomena, the German legislature issued the Ringfencing Act in 2014 (the “Act”). In a nutshell, the Act forbids big CRR-credit institutions (depending on certain balance sheet thresholds) to engage … Continue Reading

Judgement of the BVerfG dated 5 May 2020: ECB’s Public Sector Asset Purchase Program

By Sophie Bertin, Alexis Lautenberg, Marco Brand and Roemer Sijmons on Posted in Litigation
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

A New Vision for Europe’s Capital Markets

By Sophie Bertin, Alexis Lautenberg, Marco Brand and John Ahern on Posted in Financial Markets
 – 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

European Commission Launches Key Consultations Regarding Digital Finance

By Sophie Bertin, Alexis Lautenberg, Marco Brand and Roemer Sijmons on Posted in Fintech, Payments, Regulatory Agencies
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
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