English

Uniform regulations (single rule book) with regard to supervisory authorities in all EU countries. First and foremost, it should be established that the supervisory authority can act free of interference from politics and business.…

A letter sent by a financial services provider to potential customers announcing a telephone call (a personal call by an employee). The supervisory authority considers this procedure to be prohibited cold calling. – Cf.…

In the German retail trade, widespread until about 1950, not yet completely extinct and, according to economic history, a very old habit of mainly poorer private households to pay later for purchased goods. The…

Generally, a claim to a fraction of an asset. – In national accounts, a liability item, namely securities issued by domestic enterprises and held by foreigners. – See share, security. – Cf. Monthly Report…

Technical term from supervisory law. In this case, an institution requests the supervisory authority to review its business operations as a whole or individual processes to determine whether all activities comply with the legal…

At the ECB, the three variables – collectively agreed wages, – total hourly labor costs and – compensation per employee. In the respective Monthly Bulletin, the corresponding values are shown comparatively in the text…

Excessive addiction to money; morbid urge to get rich (from argyros = silver) and claimed, especially in the older accusatory literature against banks, to be inherent: existing as an essential constituent, an indispensable quality.…

In the past, the poor box was set up by the parish or the political community and administered by an alms manager (also: almsvogt, Armenvogt, Almosenpfleger, Almosenier, Spendmeister; alms manager, almoner: an official attached…

Asset-backed securities that themselves invest in parts of other asset-backed bonds. Such nested securitized securities have been repeatedly rebuked by regulators for the sheer distance between the investor and the underlying risks. Because of…

A payment which, according to special circumstances, must be made in addition to a sum already paid. – In the case of coins and medals, the strike value. – In stock exchange trading, generally…