Impressive arsenal of rules and institutional procedures Money laundering In concert with other EU members, Germany has equipped herself with an impressive arsenal of rules and institutional procedures designed to prevent money laundering, or at least to make it more difficult. The same goes for the fight against the misuseRead More →
Importing to Germany Germany is a Member State of the EU. Goods can circulate freely within the EU, but must be cleared through customs when imported into the EU customs territory from a non-EU country. This can be achieved either by importing the goods under special customs procedures (in whichRead More →
FSC consists of three voting members The FSC consists of three voting members from each of the BMF, Bundesbank and BaFin. The chair of the Federal Agency for Financial Market Stabilisation (FMSA) attends FSC meetings as a non-voting member, while third parties may be invited by the FSC chair toRead More →
Equity capital of at least €250,000 The unregulated market is open to issuers with an equity capital of at least €250,000. The publication and reporting requirements are less arduous than those for regulated market quote holders. Issuers fall into two categories, first and second quotations. Applicants for a first quotationRead More →
Apply directly to international institutions Sometimes, it is possible to apply directly to international institu- tions for funding. Public invitations to apply for this type of fund- ing may be found in the Offcial Journal of the EU. Assistance from European funds may be given in the form of subsidies,Read More →
Bond market is the third largest in the world Capital markets Germany operates a flourishing money market and stock exchange. Her bond market is the third largest in the world, after New York and London, and her stock market is the fourth, after New York, London and Tokyo. There areRead More →
Steps taken and actions planned Institutional arrangements: In October 2012, the German Parliament passed the Act on Monitoring Financial Stability (Financial Stability Act, FSA), 9 which formally established a committee in charge of macroprudential oversight starting on 1 January 2013. The FSC, which replaced the Standing Committee on Financial MarketRead More →
€ 26.3 billion in EU funding available European subsidies For the 2007 to 2013 grant period, Germany had approximately € 26.3 billion in EU funding available. The financial framework for 2014 to 2020 granted Germany approximately € 19.3 billion for structural measures. There are a number of ways to obtainRead More →
Money markets are almost entirely free of exchange The German financial and money markets are almost entirely free of exchange controls. Indeed, transactions within the eurozone are for almost all practical purposes identical to domestic transactions (statistical reporting requirements being the main exception). Both local business and foreign entities mayRead More →
SSM devolves some macroprudential responsibility Macroprudential policy in the SSM context In addition to microprudential supervision, the SSM devolves some macroprudential responsibility, albeit limited to the banking sector, to the ECB. The ECB will play a role analogous to what national authorities are required to by CRD IV/CRR with respectRead More →
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