HSBC’s Orion unit received approval from the Bank of England to join the Digital Securities Sandbox, paving the way for a pilot digital gilt transaction slated for early 2027.
BaFin is set to review Dermapharm’s dealings with the Reppegather brothers after a claim of roughly one million euros and alleged breaches of accounting rules were reported, posing a problem for pharma billionaire Beier.
The European Securities and Markets Authority (ESMA) announced that it has added 14 new crypto-asset service providers to the official MiCA register, increasing the total to 294. The new entrants include several banks and Ripple Payments Europe, highlighting a slowdown in licensing activity under the new EU crypto-asset framework.
The head of the Roman Abramovich foundation says the United Kingdom is blocking the foundation’s salary because of a disagreement over the distribution of humanitarian aid linked to Abramovich’s £2.5 billion frozen assets, which were seized under UK sanctions related to the war in Ukraine.
Neodigital, a digital insurtech company, has surrendered its BaFin insurance license. This follows a broader trend where multiple digital technology companies have returned their BaFin licenses, marking the end of an era in the insurtech sector.
The German Federal Ministry of Finance faces growing pressure as the planned launch of a state-backed private pension savings account (Altersvorsorgedepot) scheduled for January 1, 2027 encounters implementation challenges. Banks and brokers indicate they are behind schedule, raising doubts about whether the government’s timeline can be met.
The Greek government is opposing new EU sanctions against Russia to protect Dynagas, a major Greek shipping company owned by George Prokopiou that specializes in transporting liquefied natural gas cargo from Russia’s Arctic LNG operations.
The European Union is set to impose a fine of hundreds of millions of euros on Google. The decision will test whether the EU can effectively regulate digital markets without escalating tensions with the United States.
Schufa, a major German credit rating agency, regularly evaluates the creditworthiness of millions of consumers. The company has introduced a new current credit score aimed at providing greater transparency. However, questions have been raised about why the company needs to store and use historical financial data from consumers for its credit assessment processes.
The Czech Republic’s Finance Ministry blacklisted Polymarket, an unauthorized online gambling platform, and mandated that internet service providers block access to the site within 15 days.