In addition to existing regulations, such as the requirements for conducting banking business, the freedom of establishment and free movement of services and principles of banking supervision, the directive includes new rules on corporate governance, sanctions and the building of capital buffers.
In addition, it includes a revised definition of the capital base and higher capital ratios, new liquidity ratios, a leverage ratio and tighter rules for counterparty risk.
Risks associated with the premature termination of financial assets due to an unexpectedly high outflow of customer deposits.
Independent committee of the European banking supervisors, which advises the EU Commission, advances the implementation of the EU guidelines and contributes to the cross-border exchange of information.
Compensation fund of German banks Entschädigungsfonds deutscher Banken, EdB ', 'Statutory compensation fund for deposit banks under private law.
In addition to the EdB, there is a deposit protection fund of the Association of German Banks on a voluntary basis for private banks. This parameter forecasts over a month period the proportion of an open credit line that will additionally be utilised at the time of default.
An OTC derivative enabling investors to participate in rising and falling prices of an underlying asset.
Bank regulatory core capital essentially comprises the paid-up capital, contributions by silent partners, general reserves, special reserve for general banking risks in accordance with Section g German Commercial Code HGB and, to a limited extent, innovative capital instruments such as hybrid capital.
Also known as Tier 1 capital. The core capital ratio shows the core capital in relation to the weighted risk positions of a bank for comdirect this applies without silent capital contributions, special reserves, innovative instruments.
Used to measure cost efficiency. The relationship between administrative expenses and earnings recorded in a financial year.
Measure of the premium or discount on a reference interest rate whose level depends on the credit rating and market positioning of the respective debtor.
Unexpected, maximum, anticipated loss from credit risks, which is determined using the VaR concept see Value-at-risk.
Various financial service providers are listed in the index, including comdirect bank AG. All balance sheet and off-balance sheet items of a bank that cannot be allocated to the trading book.
Bank Recovery and Resolution Directive BRRD ', 'EU directive for the standardised recovery and resolution of credit institutions and investment firms found to be in danger of failing.
Capital Accord published by the Basel Committee on Banking Supervision which stipulates how much equity banks require to cover risks, which methods should be used to assess risks and how risks are to be published.
The Accord also defines standards for the risk management of banks and its appraisal by the banking supervisory authority. Additional regulations published by the Basel Committee on Banking Supervision which specify new requirements regarding the capital requirements, the leverage ratio and the liquidity standards of banks.
These regulations have been successively introduced since Income taxes to be paid or received in the future, which mainly result from the different valuation bases used for the tax balance sheet and the commercial balance sheet.
They do not constitute actual tax office claims or liabilities at the time the balance sheet is prepared. The amount that with a high level of certainty covers unexpected losses from risk carrying positions.
Not identical to balance sheet or regulatory capital. Regulation governing the capital adequacy of institutions, groups of institutions and financial holding groups which came into force on 1 January The rate at which a prime bank is willing to lend funds in euro to another prime bank.
The EURIBOR is calculated daily for interbank deposits with a maturity of one week and one to 12 months as the average of the daily offer rates of a representative panel of prime banks, rounded to three decimal places.
Open-ended securities enabling investors to invest in commodities. They are traded on the stock exchange like equities, have an unlimited term and offer a high degree of liquidity.
ETFs are traded on the stock exchange and track an index e. Regulation governing the regulatory requirements for the compensation system of banks aimed at preventing incentives for excessive risk-taking.
Often start-up companies that develop modern technologies in the area of financial services but do not have a banking licence. Accounting for hedging relationships between hedged items e.
ICAAP comprises all procedures to identify and measure the relevant banking risks and their appropriate backing with internal capital.
New liquidity ratio in Basel III which describes the short-term liquidity risk profile of the banks. In future, the bank must maintain a minimum portfolio of highly liquid assets to safeguard their liquidity requirement in stress situations for at least 30 days.
EU regulation on the harmonisation of financial markets in the European market, improving competitiveness and providing protection for investors in financial instruments.
These include, in particular, setting up a proper business organisation e. Multi-layered software infrastructure in which the software components are shared between several systems.
Ratio in Basel III which describes the ratio of the available amount of stable funding to the required amount of stable funding. The market value changes in securities and participations are shown in the revaluation reserves with an income-neutral effect.
The figures shown in the balance sheet net of deferred taxes. The owner of a warrant is entitled but not obliged to buy call option or sell put option a certain number of shares or other securities at a stipulated price within a certain period of time.
Sub-segment of the Regulated Market with additional admission requirements compared with the General Standard. Prime Standard companies must comply with high international transparency standards.
Risk-weighted positions, which have to be backed by regulatory capital. At comdirect bank, risk assets are calculated taking account of Section 10c German Banking Act KWG zero weighting of intragroup receivables.
These comprise the maximum available equity, which can be used to hedge against unexpected losses. Simulation of impact of crisis situations in the capital market on the risk and earnings position.
Lower price limit for selling stop loss , which is automatically adjusted upwards when prices are rising, or upper price limit for buying stop buy which is automatically adjusted downwards when prices are falling.
The maximum loss of value of a portfolio in line with a specific probability and within a specific holding period. Exemption of subsidiaries of a banking group from certain regulatory requirements for example capital requirements and major loan provisions in accordance with Section 2a of the German Banking Act KWG.
Contractual agreement between two parties relating to the exchange of differently structured payment flows for a specific period of time. Interest rate swaps can be used to hedge against an increase or decrease in interest rates.
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