The companies, products and regulatory developments shaping the broker industry.
Germany’s regulator sanctioned Amundi for a supervisory-duty failure linked to delayed voting-rights notifications in 2025; the public notice does not identify issuers or all missed thresholds.
BaFin’s 2026 sanction concerned when the listed holding company disclosed the 2022 special-audit findings. It was legally distinct from the bank-supervision measures and €1.05 million fine imposed in 2023 for organisational and regulatory shortcomings.
German supervision reduces flatexDEGIRO’s group Pillar 2 requirement to 1.50%, while lifting a separate bank-specific surcharge; neither figure represents its total regulatory capital ratio.
The German supervisor has issued a final order to cease and wind down deposit-taking, separating a permission failure from a general ruling on all brokerage activities.
Changed technical requirements have prompted a revised timetable, while the bank’s continuing duties to detect and investigate suspicious activity remain in place.