Tag: Financial Institution
-
Kreissparkasse Gelnhausen’s Leadership Turmoil Raises Concerns About Transparency and Ratings
The recent and unexpected dismissal of Bernd Jacobs, the former chairman of Kreissparkasse Gelnhausen, has caused significant unrest and uncertainty. Jacobs, who took office in July 2023, was removed less than a year later in April 2024. The lack of information regarding this decision, coupled with the deletion of related online news, has raised many…
-
Scope Ratings Affirms KfW’s AAA Rating: A Critical Analysis of Practical Implications
In its latest rating assessment, Scope Ratings has reaffirmed the AAA issuer rating of KfW (Kreditanstalt für Wiederaufbau), Germany’s governmental development bank, with a stable outlook. This decision mirrors the credit stance of its principal backer, the Federal Republic of Germany, which holds a parallel AAA/stable sovereign credit rating. Notably, the reaffirmation applies equally to…
-
Moody’s Strengthens Private Credit Analysis: Implications for Competing Rating Agencies
Moody’s Corporation recently announced a significant organizational change that focuses on the analysis and evaluation of the private credit sector. This move not only has substantial implications for Moody’s itself but also for competing rating agencies and the entire financial industry. In summary, Moody’s announcement signifies a shift in the landscape of rating agencies and…
-
Bankhaus Obotritia GmbH: BaFin Imposes Fines
The German Federal Financial Supervisory Authority (BaFin) has imposed fines totaling €55,000 on Bankhaus Obotritia GmbH, a Munich-based financial institution. The fines were set at €45,000 for the bank’s failure to fully disclose the appointment of members to its supervisory body and €10,000 for the delayed reporting of a large credit exceeding the permissible limit.
-
Bank Rating – Normative Banking Regulation in the Financial Market Crisis
Oliver Everling and Karl-Heinz Goedeckemeyer (publisher): Banking Rating – Normative Banking Regulation in the Financial Market Crisis, 2nd Edition, Wiesbaden 2015, Springer Gabler, http://www.springer.com, Copyright Springer Fachmedien Wiesbaden 2004, 2015, ISBN 978- 3-8349-4734-5, DOI 10.1007 / 978-3-8349-4735-2, eBook ISBN 978-3-8349-4735-2, 529 pages. Particularly after the financial market crisis, the serious, sound assessment of the creditworthiness…
-
Countercyclical Capital Buffer in the Election Year
To avoid speculation about the state of banks and the economy in the election year, there are no more capital adjustments. Bank capital should be accumulated when cyclical systemic risk is judged to be increasing, creating buffers that increase the resilience of the banking sector during periods of stress when losses materialise. Since the decision…
-
APIs Allow Next Generation Financial Services
Application programming interfaces—or APIs—have already had a fundamental impact on the digital banking industry by creating grounds for an array of new financial products. According to Marius Galdikas, CEO at ConnectPay, APIs can help further improve financial services, as they create the opportunity to ensure coherent multi-channel services and introduce personalized experiences, fostering repeat usage.…
-
Rating of Financial Institutions – Properly Assessing Banks and Financial Services Providers
Zafer Diab and Oliver Everling (publisher): Ratings of Financial Institutions – Banks and Financial Services Correctly Assess, Wiesbaden 2016, Springer Gabler, Springer Fachmedien Wiesbaden, http://www.springer.com/, 217 Pages, ISBN 978-3-658- 04194-6, ISBN 978-3-658-04195-3 (eBook). The financial crisis leaves a completely different banking landscape. In a very short time not only former big banks disintegrated, but completely…
-
Next Generation Financial Services: Digital transformation and new services
Oliver Everling and Robert Lempka (editors): Next Generation Financial Services: Digital Transformation and New Services, Frankfurt am Main 2020, Frankfurt School Verlag, 480 pages, ISBN (print) 978-3-95647-176-6. The digital transformation of the financial industry is in full swing. On the one hand there are consolidation and cooperation processes between banks and fintechs as well as…
-
Double-edged Strengthening of Banks’ Equity
A few days after the European Central Bank and the German Federal Financial Supervisory Authority (BaFin), the European Systemic Risk Board (ESRB) is now recommending that distributions continue to be restrictive in view of the corona pandemic. General Board of the European Systemic Risk Board held its 40th regular meeting on December 15, 2020. According…
-
Credit Rating Information Failed to Deliver
AvP Deutschland GmbH is an example of a rating dilemma: The company is too small to belong to the group of companies closely monitored by recognized rating agencies automatically, and too large to be ignored as a risk. In general, credit reference agencies only use the financial statements and other official information available from the…
-
Management Board Members Must Submit a Certificate of Good Conduct for Official Purposes
Depending on their nationality and place of residence, management board members must submit the original copy of a “certificate of good conduct for presentation to a German authority (certificate of good conduct for official purposes)” (document type “O”) issued by the Federal Office of Justice (Bundesamt für Justiz – BfJ). This document is issued in…
-
Professional and Personal Requirements for Persons Appointed as Management Board Members
The Federal Financial Supervisory Authority of Germany (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) provided a Guidance Notice on management board members pursuant to the German Banking Act (Kreditwesengesetz – KWG), the German Payment Services Supervision Act (Zahlungsdiensteaufsichtsgesetz – ZAG) and the German Capital Investment Code (Kapitalanlagegesetzbuch – KAGB). The following introduces the approach how to check…
-
Rating of Financial Institutions – Properly Assessing Banks and Financial Services Providers
Zafer Diab and Oliver Everling (publisher): Ratings of Financial Institutions – Banks and Financial Services Correctly Assess, Wiesbaden 2016, Springer Gabler, Springer Fachmedien Wiesbaden, http://www.springer.com/, 217 Pages, ISBN 978-3-658- 04194-6, ISBN 978-3-658-04195-3 (eBook). The financial crisis leaves a completely different banking landscape. In a very short time not only former big banks disintegrated, but completely…
-
Bank Rating – Normative Banking Regulation in the Financial Market Crisis
Oliver Everling and Karl-Heinz Goedeckemeyer (publisher): Banking Rating – Normative Banking Regulation in the Financial Market Crisis, 2nd Edition, Wiesbaden 2015, Springer Gabler, http://www.springer.com, Copyright Springer Fachmedien Wiesbaden 2004, 2015, ISBN 978- 3-8349-4734-5, DOI 10.1007 / 978-3-8349-4735-2, eBook ISBN 978-3-8349-4735-2, 529 pages. Particularly after the financial market crisis, the serious, sound assessment of the creditworthiness…
-
Next Generation Financial Services: The New Digital Power of Customers
Oliver Everling and Robert Lempka (Publisher): Next Generation Financial Services: The New Digital Power of Customers, 1st Edition Frankfurt am Main 2013, Frankfurt School Verlag, 462 pages, ISBN 978-3-940913-62-3. The Internet and the digital revolution have changed society and the economy on an unprecedented scale. After industries such as publishing or retail have been fundamentally…
-
Legal Issues in Ratings
Ann-Kristin Achleitner and Oliver Everling (Editor): Legal Issues in Ratings: Fundamentals and Implications of Ratings for Agencies, Investors and Companies Advised, Betriebswirtschaftlicher Verlag Th. Gabler, Wiesbaden 1st edition November 2005, http://www.gabler-verlag.de, hardcover, 470 pages, ISBN 3-409-14314-9. The issuing of ratings by external rating agencies as well as internal ratings are of increasing relevance for the…
-
Bank Rating
Oliver Everling and Karl-Heinz Goedeckemeyer (publisher): Bank Ratings: Banks under Scrutiny, Dr. Th. Gabler, Wiesbaden 1st edition April 2004, http://www.gabler-verlag.de, hardcover, 581 pages, ISBN 3-409-12513-2. There is a close correlation between the rating of a bank or savings bank by a rating agency and the rating created by a credit institution: Only if the bank…
^^^ RATING EVIDENCE GmbH 