In relation to financial markets, the official permission for banks. In Germany, the Federal Financial Supervisory Authority (BaFin) and the European Banking Authority (EBA) grant the relevant license. Several lawsuits against this restriction of Article 12 of the Basic Law, which establishes freedom of profession, were dismissed by the Federal Constitutional Court with the explanation that ensuring a reliable monetary order is a basic condition for the common good. – See Banking License, Bönhase, Free Banking, Monetary Stability, Financial Market Stability.
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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/