# Financial innovation

- Canonical URL: https://www.gerhardmerk.de/financial-innovation
- Post ID: 588440
- Modified: 2023-07-25T21:01:29+00:00
- Language: en

## Definition

In general, a financial product that was previously unknown on the financial market in this form. - In the narrower sense, a derivative, namely basically a contract whose value depends on future market prices. - In the language of German tax law, all securities that convert taxable interest into tax-exempt profits - See Derivatives, DerivategeschäfteClearingpflicht, Derivategeschäfte-Meldepflicht, Financial Engineering, Option, Product Registration, Quality Control, Forward Contract. - Cf. Deutsche Bundesbank Monthly Report of July 2008, pp. 15 ff. (presentation of instruments in the sense of and ; overviews), ECB Monthly Report of October 2009, pp. 79 f. (impact of financial innovation on banks' credit supply), BaFin Annual Report 2011, p. 78 (a Standing Committee on Financial Innovation [SCFI] has been set up within the EBA to develop supervisory proposals). 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/

## Machine-readable

- Generator: Merk Knowledge 1.1.1