Dismissal of senior executives of an institution or insurance company ordered by the supervisory authority if their professional suitability (this includes adequate theoretical and practical knowledge in all areas relating to the operation of an institution) is in question or if they are even accused of misconduct. – See resolution order, instruction, supervisory board member, banker’s license, banker, force of continuance, management regulations, measure in case of danger, optimism, unreasonable, expertise, sanction committee, forced closure. – See BaFin’s 2006 Annual Report, p. 129 (legal source; statistics), BaFin’s 2007 Annual Report, p. 134 (dismissal order at cooperative banks), Bafin’s 2010 Annual Report, p. 167 (Bafin issues twenty-seven dismissal orders against managers and supervisory board members), and the respective BaFin Annual Report, chapter „Supervision of Banks, Financial Service Providers, and Payment Institutions,“ section „Supervisory Action.“

Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/

Kommentare geschlossen.