Month: March 2024

Compliance in focus: duties, challenges and competencies of the Management Board and Supervisory Board

By Renate Prinz on 15. March, 2024

Posted In Compliance, ESG

The webinar with our partner Renate Prinz focuses on the latest compliance challenges for executives and supervisory boards. It delves into essential topics that are highly relevant today, both for C-level executives and non-executives on governing bodies. We begin with a thorough introduction to current compliance requirements and the organization of compliance within the company.

Explore key themes, including whistleblowing, anti-money laundering, the Supply Chain Due Diligence Act, and ESG. A central focus of the Passion for People webinar is understanding the specific responsibilities that board members and supervisory boards bear in this context, as well as effective ways to fulfill them.

Of particular relevance is the question of what competencies need to be developed within the organization and at the first and second management levels to meet the increasing demands. We will provide practical insights and concrete recommendations to ensure that your company has the necessary resources and capabilities to successfully navigate the complex compliance landscape.

Key topics include: Compliance requirements and organizational structure

  • Whistleblowing, anti-money laundering, Supply Chain Due Diligence Act, and ESG
  • Duties and challenges faced by board members and supervisory boards
  • Building essential competencies within the first and second management levels.

You can view a recording of the session below (German language):

Renate Prinz in FinExtra: “Non-Performing Loans are now subject to regulation: What it means.”

By Renate Prinz on 05. March, 2024

Posted In NPL

Let’s revisit the aftermath of the 2007-2008 financial crisis. Credit institutions faced a pressing challenge: unloading their massive non-performing loan (NPL) portfolios. Our legal team consistently assisted these institutions, clarifying possibilities, limitations, and crucially, what purchasers could not achieve. Surprisingly, the NPL market remained unregulated until now. Renate Prinz provides an overview on the new regulation on Non-Performing Loans in FinExtra and answers the following questions:

  • What are NPLs?
  • What is the NPL Directive?
  • What are the credit servicer obligations?
  • What are the NPL purchaser obligations?
  • How is the regulation handled?
  • How will new regulation change the NPL environment?

Read the full article here.