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Three German Crypto-Focused "Neobanks" Disappear Within Three Weeks-Cause, Consequence and Grounds for Concern?

Authors :
Huertas, Michael
Hikl, Aylin
Source :
Journal of International Banking Law & Regulation; 10/27/2022, Vol. 37 Issue 11, p401-407, 7p
Publication Year :
2022

Abstract

Nuri's evolving story may prompt BaFin and EU authorities to act, notably greater supervisory scrutiny of relationships between tied agents, and particularly in the case of FinTech firms which operate only under a local (GewO) licence but where the principal is an entity regulated by BaFin or another regulator. The reasons to assume this are presented in this article. [ABSTRACT FROM AUTHOR]

Subjects

Subjects :
SUPERVISION
FINANCIAL technology

Details

Language :
English
ISSN :
17426812
Volume :
37
Issue :
11
Database :
Supplemental Index
Journal :
Journal of International Banking Law & Regulation
Publication Type :
Academic Journal
Accession number :
163782966