on 2023/07/21 by alex1, []

Set of rules fundamental to national accounts, balance of payments statistics and central bank statistics, introduced by the International Monetary Fund. – See Balance of Payments. 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 […]

on 2023/07/21 by alex1, []

In the case of fixed exchange rates, as in ERM II, the area left to free market operations before market intervention. The wider this spread range, the closer the system approaches floating exchange rates. – An investor establishes more long positions than short positions in the futures market with respect to a particular asset as […]

on 2023/07/21 by alex1, []

An institution that does business in more than one state or currency area. – In the U.S.A. – a domestic bank that can also operate worldwide, regardless of federal requirements, or – a foreign institution that is permitted to conduct business throughout the U.S. (a banking institution with a special license from the U.S. Federal […]

on 2023/07/21 by alex1, []

In older publications, the distribution of a mining company per kux; corresponding, by and large, to the dividend of a stock corporation. – The net revenue from a business. 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. […]

on 2023/07/21 by alex1, []

A legal or regulatory requirement for banks to post in the banking hall the general terms and conditions and any other information, such as interest rates on deposits. – See haggling. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, […]

on 2023/07/21 by alex1, []

Unless otherwise defined in the economic literature, the sum of all loans by domestic banks to counterparties abroad. In mid-2014, German banks‘ foreign claims amounted to roughly EUR 148 billion, ranking at the top of all banking systems worldwide. This high level of international integration promotes and increases competition. – See foreign loan volume. – […]

on 2023/07/21 by alex1, []

A body of representatives of the insurance industry supervisory authorities from the European Union established in November 2003 with the aim of harmonizing supervisory requirements. The secretariat is located in Frankfurt am Main. – Cf. BaFin Annual Report 2008, p. 41 (survey on the impact of the financial crisis on the insurance industry; minimizing insurers‘ […]

on 2023/07/21 by alex1, []

In the course of the Financial Stability Act (FinStabG; German Financial Stability Act) of November 28, 2012, with the aim of ensuring the cooperation of German authorities in safeguarding financial stability. The AFS comprises three representatives each from the Federal Ministry of Finance, the Federal Financial Supervisory Authority and the Deutsche Bundesbank, as well as […]

on 2023/07/21 by alex1, []

Unless otherwise defined, a prohibition on insurance companies distributing profits to their shareholders. Such a ban was envisaged in order to strengthen the industry’s risk-bearing capacity in the face of an environment of low interest rates and the associated disadvantages for the insurance industry. – Such a measure would lead to investments in insurance company […]

on 2023/07/21 by alex1, []

In the financial sector, this refers to a copy of the account balance; in older documents also transum[p]t. Today, most institutions offer not only password-protected access to account movements via the Internet, but also account balance inquiries via telephone or printouts of account allocations via an account printer (print output). – See usability, office, fully […]