Entities, public (public sector entities)

Defined prudentially in Directive 2006/48/EC of the European Parliament and of the Council of June 14, 2006, relating to the taking up and pursuit of the business of credit institutions as “noncommercial administrative bodies sponsored by central governments, regional or local authorities, or by public authorities which, in the eyes of the competent authorities, perform the same functions as regional and local authorities, or nonprofit enterprises owned by central governments and subject to a liability equivalent to an explicit guarantee, including self-managed bodies governed by public law and subject to public supervision.” – See bail-out, financial strength local authorities, parafiscus, general government.

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/