Representative office and company representative (representative office)

In the financial market, an office established by a bank in a foreign country where a branch office or subsidiary does not seem advisable. – The supervisory authorities pay particular attention to such establishments. This is because it has often been shown that they also conduct unauthorized banking business or offer other financial services. In Germany, legally regulated in detail in Section 53a of the German Banking Act (KWG) and in Section 24 of the Notification Ordinance. – See agency, agglomeration effect, alliances, cross-border, foreign banks, foreign branch, banking supervision, European Europa AG, European passport, internationalization, credit institution, operating across borders, market entry costs, ring fencing. – Cf. BaFin Annual Report 2002, p. 188 (listing the 102 representative offices registered in Germany at year-end 2002 by country of origin), BaFin Annual Report 2004, p. 115 ff. (Swiss credit institutions in Germany), Deutsche Bundesbank Annual Report 2011, p. 117 ff. German institutions abroad; overview), Financial Stability Report 2012 p. 75 ff. (foreign shadow banks).

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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/