Application for authorisationbyChristian Walz11. November 2019 An application for authorisation is defined as an application that has to be submitted to an institution (e.g.… Read More
BenefitsbyDr. Anna L. Izzo-Wagner19. May 2022No comments In the context of financial supervision, the term “benefits” according to § 70 para. 2 sentence 1 German… Read More
Compliance OfficerbyPayTechLaw.com26. October 2022No comments The compliance officer/compliance representative is used by companies as a specialist in the field of compliance in order… Read More
Credit institutionbyKemal Ahmedi23. January 2020No comments Pursuant to Section 1 para. 1 sentence 1 of the German Banking Act (KWG), credit institutions are companies… Read More
CRR credit institutionbyChristian Walz7. October 2019No comments A CRR credit institution pursuant to Section 1 para. 3d sentence 1 of the German Banking Act (KWG)… Read More
Deposit businessbyRamona-Patricia Liegl23. January 2020 The term “deposit business” is defined in Section 1 para. 1 sentence 2 no. 1 of the German… Read More
Duty of disclosurebyChristian Walz11. November 2019 The term “duty of disclosure“ refers to the obligation to inform a third party about the facts of… Read More
ESAbyStephanie Wagner23. January 2020No comments The abbreviation “ESA” stands for European Supervisory Authorities. The ESAs were founded in 2011 and are part of… Read More
FactoringbyKemal Ahmedi28. January 2020No comments The term “factoring” refers to the purchase of receivables against payment. Factoring is usually divided into non-recourse and… Read More
Financial instrumentsbyChristian Walz9. July 2020No comments Financial instruments are defined both in Section 1 para. 11 sentence 1 of the German Banking Act (Kreditwesengesetz,… Read More