Credit institution operating across borders (transborder financial institution)

Pursuant to Section 53b (1) KWG, credit institutions may, within the framework of the EU freedom to provide services in
Germany may also operate across borders without a local branch. In this case, supervision is carried out exclusively by the supervisory authority of the home country. The Federal Financial Supervisory Authority maintains a list of the relevant companies, which can be viewed on its homepage. – See foreign banks, foreclosure, alliances, cross-border, foreign branch, banking supervision, European, Cassis de Dijon ruling, deposit insurance, European passport, Icelandic bank trap, lead economy, market entry costs, representative office. – Cf. Annual Report 2009 of the Deutsche Bundesbank, p. 102 f. (proposals for stabilizing these institutions in a crisis), Annual Report 2011 of the Deutsche Bundesbank, p. 117 ff. (German institutions abroad; overview).

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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/