Against growing banking power and for more competition in the banking industry (G-SIG: 11002427)

Summary

Removal of the privileged status of banks as a “special area” by deleting Section 102 GWB; Introduction of an upper limit of 5% and a limit of 10% of equity capital for banks' shareholdings in non-banks as well as prohibition of participation in competing companies by amending the banking and corporate law; Reduction of the maximum number of supervisory board mandates Bank representatives at non-banks from 10 to five per person; Exercising the securities account voting rights only on the basis of individual allocations

Machine translation from German. The official text remains authoritative.

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1 official file

• 11/4553

  Drucksache · DE · 18 May 1989

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