Banking & Finance

06 Dec 2023 | in ARTICLES, Banking & Finance, by , , and

Law 5072/2023 on credit servicers and the re-introduction of market conform asset protection scheme for banks (“Hercules”)(in Greek)

On 04.12.2023 Law 5072/2023 (the “New NPL Law”) was published in the Government Gazette. The New NPL Law re-introduced program "Hercules", transposed Directive 2021/2167 on credit purchasers and credit servicers into Greek law and replaced the former NPL law, i.e. law 4354/2015. Among other changes to the NPLs market, under the newly introduced scheme the credit servicer and the credit purchasers have several additional obligations towards borrowers, as well as increased reporting obligations to the competent authorities compared to the previous regime. READ FULL ARTICLE

22 Jun 2023 | in ARTICLES, Banking & Finance, by and

A brief overview of the Markets in Crypto-Assets Regulation – why the fuss?

The long-awaited piece of the Digital Finance Strategy legislation puzzle, the Markets in Crypto-Assets Regulation 2023/1114 (MiCAR), has at last been published into the EU Official Journal, establishing a specific regulatory framework for specific crypto-assets: asset-referenced tokens, e-money tokens and other Crypto-Assets, not already regulated by other EU legislative acts on financial services. READ FULL ARTICLE

21 Mar 2023 | in ARTICLES, Banking & Finance, by and

SVB Bank Collapse and Credit Suisse crisis

Τhe regional banking crisis in the United States has dominated the headlines. Although most EU banks did not have a meaningful exposure to Silicon Valley Bank (SVB), the prospect of a collapsing Credit Suisse (CS), caused turbulence in the Banking sector’s market prices. What caused these recent crises in the US and in Switzerland? What are the lessons learned from them? READ FULL ARTICLE

12 Jan 2023 | in ARTICLES, Banking & Finance, by

Claims securitization mechanism and the legal status-quo of claims administrators (in Greek)

In 2022 it was highlighted that securitization is not a proceeding reserved only for those involved in the financial sector, but it has a wider scope. In early 2023, the Plenary of the Supreme Court (“Areios Pagos”) is expected to resolve an ambiguity that has arisen and determine whether claim administrators licensed under Law 4354/2015 can initiate judicial proceedings regarding claims securitized under Law 3156/2003.READ FULL ARTICLE

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