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A&M Newsletters
Comprehensive and timely perspectives, on the topics that matter to you, sent straight to your inbox.
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Thought Leadership

Relaunching the European Securitisation Market

August 7, 2025
On 17 June, the European Commission announced draft amendments to the Capital Requirements Regulation (CRR) and the Securitisation Regulation—marking a significant step toward revitalising the EU securitisation framework.

These proposed changes form part of the Commission’s broader efforts to refine the EU’s financial regulatory architecture, with the goal of fostering a more robust and liquid securitisation market that can better support economic recovery and growth.
Thought Leadership

2025 EBA Stress Test

August 5, 2025
The latest 2025 EU-wide EBA stress test results are out, and our first-glance analysis is in.
Thought Leadership

Tax losses in share deals – Hidden value impacting purchase price negotiations?

August 4, 2025
In many M&A share transactions, tax losses may represent significant hidden value. But that value depends particularly on two key questions: Can the tax losses survive the transaction and can the parties mutually agree on a business plan substantiating the future usage of the potentially surviving tax losses? Our article outlines how jurisdiction-specific rules — especially Germany’s strict change-in-ownership regime — affect the usability of tax losses post-closing, whether tax losses can provide a shelter for historic tax risks and why tax losses impact purchase price negotiations.