Verbandsgeldbußen im Finanzsektor: eine Kumulation zweifelhafter Obergrenzen
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In: European Integration Studies, Vol. 17, No. 1, 22.12.2021, p. 72-87.
Research output: Journal contributions › Journal articles › Research › peer-review
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RIS
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 -