First-mover bonus (also referred to in German)

Particularly favorable conditions granted to a bank that is the first institution to come under the umbrella of a government rescue plan in the event of a crisis. – In Germany, Commerzbank AG was the first major institution to take advantage of recapitalization assistance from the Financial Market Stabilization Fund, which was set up in October 2008. This was done in an owner-protecting manner by way of a silent partnership (dormant partnership), and the Financial Market Stabilization Agency waived further controls, such as the appointment of representatives to the supervisory board. – See Bank Rescue Act, Bank Testament, Crisis Management Groups, Minimum Requirements for the Design of Recovery Plans, Emergency Fund for Crisis Banks, Too big to fail principle. Sovereign wealth funds.

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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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