TY - JOUR

T1 - Verbandsgeldbußen im Finanzsektor

T2 - eine Kumulation zweifelhafter Obergrenzen

AU - Hüttemann, Suzan

PY - 2021/12/22

Y1 - 2021/12/22

N2 - This contribution covers the methods by which the maximum amount of pecuniary sanctions against corporations in the financial sector is determined. The alternative recourse to absolute, turnover-based and profit-based upper limits combines problematic regulatory developments of recent times. This contribution advocates for a systematic approach that differentiates strictly between the confiscatory and the sanctioning part; the upper limit of the sanctioning part should be determined by the abstract gravity of the violation.

AB - This contribution covers the methods by which the maximum amount of pecuniary sanctions against corporations in the financial sector is determined. The alternative recourse to absolute, turnover-based and profit-based upper limits combines problematic regulatory developments of recent times. This contribution advocates for a systematic approach that differentiates strictly between the confiscatory and the sanctioning part; the upper limit of the sanctioning part should be determined by the abstract gravity of the violation.

KW - Rechtswissenschaft

KW - financial sector

KW - corporate sanctions

KW - German Securities trading Act

KW - multiplicative pecuniary sanctions

KW - guilt principle

U2 - 10.46941/2021.se1.72-87

DO - 10.46941/2021.se1.72-87

M3 - Zeitschriftenaufsätze

VL - 17

SP - 72

EP - 87

JO - European Integration Studies

JF - European Integration Studies

SN - 1588-6735

IS - 1

ER -