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Banking

08 November 2019
Stephan Schmalzl GDPR versus PSD II – right of access to information versus charges for information

Austria - Schima Mayer Starlinger

The Federal Administrative Court recently confirmed that a credit institution had violated its obligations under the EU Data Protection Regulation by refusing to provide its customer access to information – at no cost – on specific payment transactions effected in the previous five years. Consumer protection organisations and the Austrian press celebrated the decision, but on closer inspection, those cheers seem to have been uttered a little too early and the celebrants' expectations appear to have been a little too high.

Author: Stephan Schmalzl
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Samuel Ljubicic Granting of security interests in Switzerland

Switzerland - Meyerlustenberger Lachenal

Until recently, Swiss regulations had no direct impact on the country's corporate lending market or the documentation of corporate loans. However, the increased capital and liquidity requirements that apply to banks in Switzerland have led to an increased focus on the collateral aspects of lending transactions to ensure that particular transactions can be treated as secured for regulatory purposes. This article provides an overview of the forms of security interest that can be taken over assets in Switzerland.

Authors: Samuel Ljubicic, Alexander Vogel
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Japan - Nagashima Ohno & Tsunematsu

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Author: Stephan Schmalzl
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