Tag: BaFin

Agreement on Basel III reform package gets underway
Global

Agreement on Basel III reform package gets underway

The oversight body of the Basel Committee on Banking Supervision is close to wrapping up agreement on Basel III reform package. Basel III is an international regulatory accord that introduced a set of reforms designed to improve the regulation, supervision and risk management within the banking sector. Germany’s top financial […]

BaFin threatens Beate Uhse with EUR220,000 fines
Global

BaFin threatens Beate Uhse with EUR220,000 fines

BaFin, Germany’s top financial services regulator has threatened Beate Uhse with a minimum fine of EUR220,000 should the company fail to abide by proper reporting standards. BaFin said Beate Uhse Aktiengesellschaft offended against the financial reporting requirements pursuant to section 37v (1) sentences 2 and 3 of the WpHG. The legal basis […]

BaFin files to declare East-West Assekuranz AG insolvent
Global

BaFin files to declare East-West Assekuranz AG insolvent

BaFin, Germany’s top financial services regulator said it has filed a petition to open insolvency proceedings for the assets of East-West Assekuranz AG at the Local Court (Amtsgericht) of Charlottenburg (Berlin). BaFin said in a statement that East-West Assekuranz AG’s management board finally notified BaFin of the insurer’s overindebtedness on […]

BaFin fines EUR140,000 Wild Bunch AG
Global

BaFin fines EUR140,000 Wild Bunch AG

BaFin, Germany’s top financial regulator said it is imposing EUR140,000 on Wild Bunch AG. The decision is a follow-up to an earlier statement released that Wild Bunch AG offended against 37v (1) sentences 2 and 3 and section 37w (1) of the Securities Trading Act (Wertpapierhandelsgesetz – WpHG). The legal […]