News

The SFTR process has been delayed again.

Following the submission of the Regulatory Technical Standards (RTS) and Implementing Technical Standards (ITS) in March 2017 by ESMA and the EU Commission, this was subject to discrepancies. Although the EU Commission demanded in July 2018 that new market standards could be proposed by ESMA, they could only be confirmed by the EU Commission. ESMA spoke against the development of a global market standard in September 2018, but was overruled by the EU Commission in December 2018. After EU Parliament and EU Council agreed, the technical regulations came into force on 11.04.2019. Regarding the reporting standards there was started a a public survey in May 2019.

  Frankfurt am Main

For this year’s summer party in Frankfurt, Germany’s financial center turned into a culinary highlight of the top class for conovus. To celebrate the successful start to the year, we met in the summer of 2019 in the Hesse metropolis, in the famous for Teppan-Yaki restaurant Kabuki.

The Teppan-Yaki (steel plate specialty) is a live cooking event where a Japanese grill chef, who had already cooked in several restaurants in Tokyo for the local guests of Japan, right before our eyes on the Teppan-Yaki Grill various delicacies were prepared. These included grilled lobster, shrimp with eggplant, Wagyu beef with fried rice and grilled green tea ice cream in batter. All of this was accompanied by excellent wines from Japan and the surrounding area of ​​Frankfurt. While there was much discussion about the new goals and visions of conovus, there was also a brief review of the challenges and advanced training such as the SCRUM Master further education as well as the project management certifications according to IPMA. In addition, there was enough time for discussions, outside of everyday project life and above all the desire to repeat such an event in the near future. 

Freshly tapped beer and regional wines in the quaint chalet were the perfect ending to a successful Teamevent.

  Frankfurt am Main

Agile project management reduces complexity, increases flexibility and saves time. In order to meet the increasingly agile project requirements of our customers, all conovus employees and executives are now certified according to the agile project management framework of Scrum.org (Professional Scrum Master).

In March 2019 we visited the Scrum Events certification training in Munich to learn all about the agile process model around Scrum. The content guided us from the Cynefin Matrix, to release planning, velocity measurements, down to burn down charts and agile phases of team development according to Tuckman. Here we were able to bring in our previous project management experience as well as to acquire new methods and knowledge.

In the future, the Scrum method knowledge will help us to quickly grow into existing structures in agile project organizations, to develop targeted solutions but also to introduce new ideas into our current and future projects. We are already looking forward to using them in the next projects. 

Freshly tapped beer and regional wines in the quaint chalet were the perfect ending to a successful Teamevent.

Grillakademie 360° BBQ – central Frankfurt

That conovus employees can handle the heat aside the challenging customer-projects was demonstrated during a Barbecue Event in Frankfurt.

In a historic factory building 360° BBQ’s rustic chalet is located, fully equipped with a modern kitchen. The location is a successful fusion of modern and rustic elements, perfectly suited to host the conovus business event. With guidance of the grilling professionals from 360° BBQ the conovus Team learned the proper handling of high-quality meat and its different ways of preparation. Besides the modern kitchen, we also used several grilling stations in the outdoor-area to smoke and “beef”.

Perfectly prepared Steaks from the US and Germany, outstanding Lamb, fresh truffle-bread and cheesecake from the lava flow grill thrilled the consultants. The conovus Team themselves prepared and grilled everything under professional guidance. 

Freshly tapped beer and regional wines in the quaint chalet were the perfect ending to a successful Teamevent.

Mallorca – Spain

Our this year’s conovus Summerevent lead us to the Balearic Islands, more precisely to the beautiful and sunny island of Mallorca.

The first even we’ve spent in the Oldtown of Palma, aside the touristic hustle and bustle in a cosy Tapasbar. We left thehectic of the journey with Tapas and a cold San Miguel behind us and got into the mood for our planned event the upcoming day.

After a rich breakfast and comfortable 25 degrees the next day, we headed to the Palma’s marina where we boarded our chartered sailboat. Our route led us along the coast of Mallorca. Destinaton was one of the most beautiful bays of the region: crystal clear water, fresh sea air and a spanish buffet. Not only were we able to stock up on some sunshine but also unwind. Perfect to relax from the stressful daily grind.

Dinner was served at the restaurant “Il Paradiso”. With a fantastic view on the Cala di Palma and amazing food we allowed the day to fade away.

The Blockchain is a technology with the potential to change whole branches lastingly. Businesses with a plurality of intermediates and/or a high level of mutual trust could experience strong change due to this technology. Especially in the financial indsutry many market participants and disruptive FinTechs have already recognised the potential of Blockchain and are testing its use.

We are available for questions and further information regarding this topic.

In line with the regulation of shadow banks the market for securities will become more transparent. For this reason, the “regulation on transparency of securities financing transactions and of reuse and amending Regulation (EU) No 648/2012” (EU) 2365/2015 (SFTR – Securities Financing Transactions Regulation) was published on December 23, 2015 in the Official Journal of the European Union.

Due to the ongoing discussion we will give you an overview of the regulatory content in our FactSheet and additionally point out the need for action.

Munich – Germany

The CeBIT is the worlds largest fare for Informationtechnology. The motto of the CeBIT 2017 was „d!conomy – no limits“ and conovus took part to discuss the newes developments surrounding Blockchain.