Full Text Available
Note: Clicking the button above will open the full text document at the original institutional repository in a new window.
The German “special representative” and corporate governance corporate governance for crisis situations in financial institutions
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 th...
Saved in:
| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | Thesis |
| Language: | English English |
| Published: |
Centre for Law and Society
2026
|
| Subjects: | |
| Tags: |
No Tags, Be the first to tag this record!
|
| Summary: | 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. |
|---|