Verbandsgeldbußen im Finanzsektor: eine Kumulation zweifelhafter Obergrenzen
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Authors
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.
| Translated title of the contribution | Pecuniary sanctions against corporations in the financial sector: a compounding of dubious upper limits |
|---|---|
| Original language | German |
| Journal | European Integration Studies |
| Volume | 17 |
| Issue number | 1 |
| Pages (from-to) | 72-87 |
| Number of pages | 16 |
| ISSN | 1588-6735 |
| DOIs | |
| Publication status | Published - 22.12.2021 |
- Law - financial sector, corporate sanctions, German Securities trading Act, multiplicative pecuniary sanctions, guilt principle