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.
The Bank for International Settlements has issued a warning that the current race to build artificial intelligence infrastructure investment could exceed the scale of previous technological booms and potentially result in severe market disruptions due to debt-fueled spending patterns.
Spain’s securities regulator CNMV launches a regulatory simplification initiative to reduce compliance burdens on asset managers and investment firms. The action aligns with broader European Union efforts to improve regulatory efficiency. The regulator will modify four existing circulars and repeal nine others, focusing on streamlining periodic reporting, internal controls, and prospectus requirements. Public consultation period runs until September 18, 2026.
Reed Smith launched Aquarius, a compliance tool that automates regulatory filings and legal workflows to help crypto companies comply with the EU’s MiCA regulation. The platform addresses growing demand for MiCA compliance solutions across Europe.
BaFin released a survey showing that 73 banks and 21 insurers participated in Cum-Cum and Cum-Ex dividend trading schemes, which resulted in approximately seven billion euros in losses to the financial industry. The financial consequences of these controversial transactions remain visible today.
German banking regulator BaFin has intervened at Raiffeisenbank Plankstetten by sending a special commissioner to the board following a special audit. The affected bank managers are contesting this supervisory action.
The introduction of a European digital currency is becoming increasingly concrete. EU parliamentarians voted clearly in favor of the digital euro project as expected. The next step involves refining the legal framework for implementation.
Non-custodial Bitcoin exchange Bull Bitcoin filed a legal petition to strike down the French implementing decree for DAC8, claiming the regulation poses surveillance risks and physical safety concerns for approximately 135 million European cryptocurrency users
Apple lost a legal challenge against EU antitrust enforcement actions targeting its App Store and iPhone operating system practices as part of the European Union’s broader crackdown on Big Tech companies.