In brief This marks an important, substantial step towards a new harmonized and more restrictive regime for branches of non-EU/EEA firms, e.g., from the US, UK and Asia, which provide “core banking services” of deposit-taking, lending, and providing guarantees and commitments to German clients, so-called third-country branches (“TCB”) under Art.…
Author
Katharina Wollmert
BrowsingKatharina Wollmert is an associate in the Banking & Finance Practice Group/Financial Services Regulation of Baker McKenzie in Frankfurt since October 2024. Prior to joining Baker McKenzie as an associate, Katharina worked for another international law firm as an associate and advised a diverse range of international clients on regulatory matters.