The German “special representative” and corporate governance corporate governance for crisis situations in financial institutions

Thesis / Dissertation

2007

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http://hdl.handle.net/11427/43258
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thesis_law_2007_eric fiedler bernhard thor.pdf (824.36 KB)
Authors
Eric Fiedler, Bernhard Thor
Supervisors
Larkin, Mike
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University of Cape Town

Department
Centre for Law and Society
Faculty
Faculty of Law
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Abstract
In Germany, banks and insurance companies are regulated and supervised by the finan cial supervisor, the Bundesanstalt für Finanzdienstleistungsaufsicht [BaFin]. The Bank ing Supervision Act Kreditwirtschaftsgesetz [KWG] and the Insurance Supervision Act Versicherungsaufsichtsgesetz [VAG] provide the financial supervisor with a broad range of powers regarding the enforcement of the law. One of these powers is the ability to appoint a special representative. Under certain circumstances, according to s 83a (1) VAG, the financial supervisor is allowed to suspend parts or even whole organs of a supervised company and to replace them with a special representative.
Description
Keywords
Germany
banks
governance
financial institutions

Reference:

Eric Fiedler, B.T. 2007. The German “special representative” and corporate governance corporate governance for crisis situations in financial institutions. . University of Cape Town ,Faculty of Law ,Centre for Law and Society. http://hdl.handle.net/11427/43258

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