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Banking in Germany is a highly leveraged industry, as its average leverage ratio (assets divided by net worth) as of 11 October 2008 is 52 to 1 (while, in comparison, that of France is 28 to 1 and that of the United Kingdom is 24 to 1); its short-term liabilities are equal to 60% of the German GDP or 167% of its national debt.
Westdeutsche Landesbank was a prominent exemplar of the German Landesbanken before collapsing in 2007-2012. In German-speaking jurisdictions, Landesbank (plural Landesbanken), lit. ' bank of the Land ', refers to a category of public sector banks that are owned by one or more of the Länder (federated internally self-governing states).
The Auditing Association of German Banks (German: Prüfungsverband deutscher Banken e.V., PdB), established in 1969 in Cologne, is a sister entity to the BdB and is tasked with assessing the risk of each participating BdB member which feeds into the calculation of EdB and ESF deposit guarantee fees. It is led by a 3-members management board.
In the 1970s, the Bundesaufsichtsamt für das Kreditwesen was located at Reichpietschufer 72-76 in Berlin, later seat of the German Defence Ministry [4]. After World War II, banking supervision was devolved in West Germany to the Länder, until a national banking supervisor was re-established in 1962 as the Bundesaufsichtsamt für das Kreditwesen [] (known as BAK or BAKred), located in West ...
As an example of part of its scope, KAGB Section 17 (of 359) defines a Kapitalverwaltungsgesellschaft (KVG) , which, in English, is a German Investment Management Company. A KVG must have a registered office and head office in Germany that manages a German investment fund, or European Union investment fund , or Special Foreign Alternative ...
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Developments and discoveries in German-speaking nations in science, scholarship, and classical music have led to German words for new concepts, which have been adopted into English: for example the words doppelgänger and angst in psychology. Discussion of German history and culture requires some German words.
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related to: spring into banking deutschland english translation german words