In common parlance, any business entity trading in financial markets, primarily banks and insurance companies. – In the language of German supervisory law, the generic term for credit institutions and financial services institutions; cf. the legal definition in section 1, paragraph 1b of the KWG. This also includes stockbrokers and electricity traders. – In a broader sense, according to the Capital Requirements Regulation, in addition to companies engaged in the deposit and lending business, including securities firms. – See Banking industry, Money house, Money temple, Unbarinstitut. – Cf. Deutsche Bundesbank Monthly Report of May 2013, p. 67 (overview of the term “institution” under the German Banking Act and under the EU Capital Requirements Directive), Deutsche Bundesbank Monthly Report of June 2013, p. 62 ff. (comparison of the term “institution” under the German Banking Act and the CRR).
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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