Björn Godenrath

Frankfurt am Main

Editor at Börsen-Zeitung

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Articles

Ready for a strategic investor

1 week ago | boersen-zeitung.de | Björn Godenrath

The neobroker Justtrade, which is targeted at active traders, is the result of two securities professionals founding a company together. After working at Onvista, Comdirect and Bank 24, Michael Bußhaus and Ralf Oetting came together and entered the beta phase with their trading platform in 2019, followed by the market launch in 2020. They arrived just in time to take advantage of the trading boom that began during the coronavirus pandemic. „We chose Hamburg-based Sutor Bank as our custodian bank.
Manfred Knof joins crypto company DeFi Technologies

2 weeks ago | boersen-zeitung.de | Björn Godenrath

Former Commerzbank CEO Manfred Knof has accepted his first mandate. A good nine months after handing over his position at Germany's second-largest private sector commercial bank to Bettina Orlopp, the 59-year-old is becoming chairman of crypto specialist Valour, and strategic advisor to DeFi Technologies. Valour is a subsidiary of Nasdaq-listed company DeFi Technologies. Knof will serve as a strategic advisor.
Supervisors step up scrutiny of the shadow banks

3 weeks ago | boersen-zeitung.de | Björn Godenrath

Hedge funds and private credit must prepare for tougher regulation. The EU authorities intend to carry out a stress test of the so-called shadow banking sector for the first time in 2026. These non-bank financial intermediaries (NBFIs) have grown significantly since the 2008 financial crisis and have taken on more and more tasks of the classically regulated banking sector. Now the supervisors want to scrutinise them to see if there are any weaknesses among the private markets players.
Bitstamp receives Luxembourg MiCA license

3 weeks ago | boersen-zeitung.de | Björn Godenrath

Robinhood subsidiary Bitstamp has likely completed its regulatory portfolio for Europe by obtaining the MiCA licence. In autumn 2024, the oldest European crypto exchange had already received a Mifid licence to operate a multilateral trading facility (MTF), which also enables the trading of crypto derivatives. The combination of spot and futures contracts is particularly important for professional investors, as it allows hedging to be carried out from a single source.
FiDA negotiations on the home straight

3 weeks ago | boersen-zeitung.de | Björn Godenrath

The final negotiations on the Financial Data Access (FiDa) Regulation are well underway, and continue to cause controversy in the financial sector. The German Insurance Association (GDV), for example, warned at the start of the trilogue that the obligation to pass on information to customers would create massive burdens for the industry. According to GDV Managing Director Jörg Asmussen, the regulation creates new bureaucracy with unclear benefits for consumers.
It’s time for Christian Sewing to make his mark

1 month ago | boersen-zeitung.de | Björn Godenrath

Supervisory Board Chairman Paul Achleitner wanted to get rid of Bank CEO John Cryan, so the press reported at the end of March 2018. Less than two weeks later, Achleitner had already ousted the Briton. After several external candidates were reviewed, the choice for the top job at Deutsche Bank fell on the head of retail banking, Christian Sewing.
„Deposits made with us are considered assets and not liabilities“

1 month ago | boersen-zeitung.de | Björn Godenrath

Mrs Harding, what is the current status of DSR Bank's development and what hurdles still need to be overcome? As a multilateral bank, the Defence, Security, and Resilience Bank (DSR Bank) is intended to enable the securing and rapid adaptation of critical supply chains, and at the same time offer states long-term, favourable financing for defence investments – supported by an AAA credit rating.
The dEuro opens up a new world on the capital markets

1 month ago | boersen-zeitung.de | Björn Godenrath

The starting position in the stablecoin market looks like this: US providers such as Tether and Circle dominate the market, and their dollar stablecoins dominate the transaction business for which these financial products are used as dollar equivalents.
Neobrokers must be better equipped for trading spikes

2 months ago | boersen-zeitung.de | Björn Godenrath

Inaccessible securities accounts, unstable trading apps, and then not even answers from customer support: the neobroker Trade Republic recently experienced its Waterloo, when erratic US tariffs policy resulted in major fluctuations on the markets. Many customers wanted to do what one does in such market phases – reallocate the portfolio to either take advantage of short-term trading opportunities, or to sell in order to weather-proof the portfolio for continued volatility.
Fida paves the way for open finance

2 months ago | boersen-zeitung.de | Björn Godenrath

Even though it looked as if the Financial Data Access Regulation (Fida) had slipped off the agenda for a while, the trilogue negotiations between the EU Commission, Council and Parliament on the implementation of the rules got underway at the beginning of April. The rules provide for the standardised provision of customer data for banks and insurers, among others. Fida marks the transition from open banking to open finance. The scope of the regulation is considerable.