Capital stock introduced by the Restructuring Act into which the bank levy flows. The fund is managed by the Financial Market Stabilization Agency (Finanzmarktstabilisierungsanstalt) and is subject to the supervision of the Federal Ministry of Finance. – Resolution authority established at European level with the power to avert distress at an institution in advance through early intervention. – See resolution mechanism, unified, bad bank model, German, bank hospital, Bank Recovery Act, bank testament, bridge institution. – Cf. Financial Stability Report 2009, p. 82 (basic information on the restructuring and resolution of systemically important institutions), BaFin Annual Report 2010, p. 129 f. (presentation of the restructuring fund), Deutsche Bundesbank Monthly Report of June 2014, p. 31 ff. (detailed presentation of EU-wide regulation; references to legal sources).
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Professor Dr. Eckehard Krah, Dipl.rer.pol.
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