The commercial banks’ cash token should be an alternative to the digital euro for industry and have the character of a deposit. This could be a win-win situation for industry and the banks – if the legal requirements are right. KPMG Law expert Marc Pussar knows what these are. “The atypical combination of internal and […]

On August 1, the EU AI Act in force. It regulates the use of artificial intelligence within the European Union. As a regulation, the AI Act applies directly without any further act of implementation. The effects of its provisions may also extend to HR departments. The HR department must take into account both employment law […]

For many people, artificial intelligence (AI) is the great hope for business, healthcare and science. But there are also plenty of critics who fear the risks of AI and call for rules. With the AI Act, the EU Commission now wants to regulate artificial intelligence for the European region and thus get the greatest risks […]

Sustainability goals and criteria – i.e. ESG aspects in the broader sense – continue to be the focus of social debate and determine consumer behavior. This is why companies are increasingly motivated to launch sustainability initiatives, sometimes even across the entire industry. These can simultaneously create a competitive advantage for participating companies and disadvantages for […]

The EU money laundering package came into force on July 9, 2024. In particular, it includes Directive (EU) 2024/1640 (“6th Money Laundering Directive”) and Regulation (EU) 2024/1624 (“Money Laundering Regulation”). The legislative package was adopted by the European Parliament on April 24, 2024 and published in the Official Journal on June 19, 2024. The money […]

On 17.05.2024, the traffic light parliamentary groups agreed on the amendment to the Federal Immission Control Act (BImSchG). The law is intended to create faster and less bureaucratic procedures and thus speed up approval processes. Wind turbines and other industrial plants (e.g. plants for recycling waste) should be able to be built more quickly in […]

Sustainable corporate governance is increasingly becoming a legal obligation. The HR department is also affected. Because “sustainable” also includes social aspects. Accordingly, companies have numerous obligations in relation to their own staff. Much is already regulated in German labor law, for example the right to equal pay, the right to equal treatment and occupational health […]

The June issue of ESGZ contains a guest article by KPMG Law expert Jacqueline Unkelbach. Sustainability goals and criteria – in a broader sense ESG aspects – continue to be the focus of social debate and determine consumer behavior. This is why companies are increasingly motivated to launch sustainability initiatives, in some cases even industry-wide. […]

As digitalization progresses, the risk of cyberattacks in the financial sector is also increasing. To protect market participants, the EU passed the Digital Operational Resilience Act (DORA) in December 2022. It is intended to reduce ICT risks (ICT = information and communication technologies). Financial companies and other service providers must have implemented the Regulation on […]

KPMG Law experts Isabelle Knoché and Denise Spinnler-Weimann have published an article on “The second reform of the KSG” in the May issue of ESGZ. KPMG Law experts Simon Meyer and Sandro Köpper have written an article on the topic of “EU packaging regulation on the home straight”. KPMG Law expert Thomas Uhlig comments on […]