Verbandsgeldbußen im Finanzsektor: eine Kumulation zweifelhafter Obergrenzen

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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 contributionPecuniary sanctions against corporations in the financial sector: a compounding of dubious upper limits
Original languageGerman
JournalEuropean Integration Studies
Issue number1
Pages (from-to)72-87
Number of pages16
Publication statusPublished - 22.12.2021

    Research areas

  • Law - financial sector, corporate sanctions, German Securities trading Act, multiplicative pecuniary sanctions, guilt principle