From bank(s) and casino bets

How does case law help financial institutions to pass on miscalculations?   The regulations on the elimination of the basis of business in the German Civil Code (BGB) can be an approach to reorganize financial institutions in distress. For example, when building societies terminate the higher-interest deposits – sometimes with success. An insurer could terminate […]

Deposit insurance for credit institutions and securities trading firms, Part 1

When maybe only 100,000 euros are secured and the rest becomes a restructuring profit for the bank….   The Financial Market Authority cannot prevent the insolvency of credit institutions, securities trading houses or insurance companies. For securities trading companies, the maximum compensation obligation is 90% of up to EUR 20,000. In the past, there was […]

So-called guaranteed benefits in the pension scheme are absolutely not guaranteed

– What life insurance companies and pension funds are hiding from premium payers –   Life insurance policies for occupational (bAV) and private (pAV) pensions, but also pension schemes, can provide far fewer benefits than promised or promised on paper. However, policyholders often have a claim for damages against the intermediaries and advisors or product […]

Betriebliche Altersversorgung – Facts&Fiction: Support fund – Investment fraud with built-in employer liability ?

*by Johannes Fiala, Lawyer (Munich), MBA Financial Services (Univ.Wales), MM (Univ.), Certified Financial and Investment Advisor (A.F.A.), EC Expert (C.I.F.E.), Lecturer (Univ. of Cooperative Education), Banker ( ) and Dipl.-Math. Peter A. Schramm, Actuary DAV (Diethardt), Actuarial Expert ( ) “Smile and be happy, it could be worse!” And I laughed and was glad – […]