MiFID II and the integration of ESG factors

The Regulation (EU) 2019/2088 of the European Parliament and of the Council (SFDR Sustainable Finance Disclosure Regulation) requires a financial product’s documentation to describe how its stated levels of sustainability or sustainability ambitions (e.g. ESG factors = Environment, Social and Governance) are to be achieved or are achieved. As it is not a labelling regime,… Continue reading MiFID II and the integration of ESG factors

Internet platforms democracy for economies

Think of small nodes of economic activity, local economies, that are connected to each other through lines of information and communication and resource sharing. Rather than a large controlling center with outward thrusts of power and control, in a democratized economy both risk and reward is spread out over interconnecting economies. Multiply these same communicating… Continue reading Internet platforms democracy for economies

Service-Providing and outsourcing in the banking sector

Difficult times for banks. The existing business models are becoming less and less profitable and the new business models are either specified by the regulator or demanded by the customers. Gone are the days when banks could be successful as universal banks. A special business model (Banking as a Service) has developed not least based… Continue reading Service-Providing and outsourcing in the banking sector