Univ.-Prof. Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.A close link exists when an individual or organization can exercise substantial influence over an undertaking, or when the same person or body has that influence over multiple undertakings. This includes holding at least 20% of an undertaking’s equity or voting power, directly or through an intermediary, as well as other arrangements that confer control…. read more »
The Bank Recovery and Resolution Directive (BRRD) is the EU rulebook for preparing banks and certain investment firms for financial distress and addressing failures when they occur. It requires firms and authorities to plan for potential problems and gives regulators tools to stabilize or wind down a failing institution while limiting disruption to the wider… read more »