Financial services are all services, which financial products and investments concern.

Kinds

With the term financial services in the broader sense are described all services, which concern financial products or investments. One can differentiate between three ranges, i.e. the banking transactions, the financial services strictly speaking and the insurance.

Banking transactions

Among the banking transactions above all receiving inserts (e.g. Spargelder, time deposits) ranks, and a granting of credits, offering savings agreements for building purposes), the finance committee business and the

Financial services strictly speaking

One differentiates between the following financial services:

• Investment advice, so far not supervision-legally seizes
• Fortune consultation, so far not supervision-legally seizes

• Plant switching, supervision-legally seizes
• Conclusion switching, supervision-legally seizes
• Self-trade for others, supervision-legally seizes
• Administration of an estate (also Finanzportfolioverwaltung called), supervision-legally seizes
• Issuing transaction, supervision-legally seizes

The subject of these services can be each plant object. In practice financial instruments, as for example shares, dominate loans (debenture bonds), portion lights at funds; Derivatives, certificates. Beside products of the "“grey capital market in such a way specified"”, thus trust estate, quiet participation and portions of public limited partnerships drove out. As plant object further real estates and art articles come into consideration.

Insurance

see under insurance

Offerer

Finanzdienstleister are

• Credit institutes (also banks called). They offer the banking transactions. The financial participation and - investment trusts (unit trust fund) rank bank-supervision-legally among the credit institutes. Likewise the direct banks count for this.
• Institutes for financial service. They offer the financial services i.e.S. Among this group of the offerers the Discount broker ranks.
• Insurance company. They offer insurance.
• independent Finanzdienstleister for private households, like for example MLP AG, general restaurant service.

Supervision

The BaFin (Federal Institution for supervision of financial service) is the uniform national all financial control over credit institutes, institutes for financial service, insurance companies and the securities trading with seat in Frankfurt and Bonn. Basis of this supervision is the credit system law, the securities trading law and the Investmentgesetz for the supervision over credit institutes and institutes for financial service and the law of supervision of insurance for the supervision over insurance. Besides the BaFin is responsible for the supervision over the adherence to a number of further capital market-legal laws, like that for the security acquisition and assumption law the security folder law (WpPG), the sales folder law (VerkaufProspG) and the insert safeguard and investor compensation law (EAEG).

Related links

• Homepage of the BaFin
• Relevant laws

Articles in category "Financial service"

We found here 6 articles.

Related Websites

We found here 3 related websites.

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