Decentralized finance

in Journal of Financial Regulation (2020)

Die virtuelle Hauptversammlung nach dem COVID-19 Pandemie-Gesetz 2020

in Aktiengesellschaft (Die) (2020)

§§ 325 bis 329 HGB zur Publizität der Rechnungslegung von Handelsgesellschaften

in Bilanzrecht (2020)

Digital Finance Platforms – Toward a New Regulatory Paradigm

in University of Pennsylvania journal of business law (2020), 23(1), 273-339

Aufsichtsratswahlen mit Kandidaten der Opposition – Überlegungen zu § 137 AktG

in Festschrift Gerd Krieger (2020)

Pflichten von Asset Managern und Asset Ownern gem. §§ 134a ff. AktG

in Aktiengesellschaft (Die) (2020)

Building FinTech Ecosystems: Regulatory Sandboxes, Innovation Hubs and Beyond

in Washington University Journal of Law & Policy (2020), 61

Around the world, regulators and policymakers are working to support the development of financial technology (FinTech) ecosystems. As one example, over 50 jurisdictions have now established or announced ... [more ▼]

Around the world, regulators and policymakers are working to support the development of financial technology (FinTech) ecosystems. As one example, over 50 jurisdictions have now established or announced “financial regulatory sandboxes”. Others have announced or established “innovation hubs”, sometimes incorporating a regulatory sandbox as one element. This article argues that innovation hubs provide all the benefits that the policy discussion associates with regulatory sandboxes, while avoiding most downsides of regulatory sandboxes, and that many benefits typically attributed to sandboxes are the result of inconsistent terminology, and actually accrue from the work of innovation hubs. The paper presents, as the first contribution of its kind, data on regulatory sandboxes and innovation hubs and argues that the data so far available on sandboxes does not justify the statement that regulatory sandboxes are the most effective approach to building FinTech ecosystems. Given that regulatory sandboxes require significant financial contributions, sometimes new legislation, and intense regulatory risk management, and that sandboxes do not work as well on a stand-alone basis (i.e. without an innovation hub), while innovation hubs alone can provide more significant benefits in supporting the development of a FinTech ecosystem, regulators should focus their resources on developing effective innovation hubs, including in appropriate cases a sandbox as one possible element. [less ▲]

199) Rechtsrahmen zur Finanzierung der Energie-, Digital- und Nachhaltigkeits-Wende? – Zu Infrastruktur-Investments unter der AIFM-RL und dem KAGB

in Festschrift für Christine Windbichler (2020)

(Virtuelle) Hauptversammlung mit und nach Corona

in Aktiengesellschaft (Die) (2020)

AIFMD Versus MiFID/MiFIR: Similarities and Differences

in The Alternative Investment Fund Managers Directive (2020)