Erscheinung:13.12.2018 | Topic Measures Warning of a Management Board Member
On 04 October 2018 BaFin issued a formal warning to one Management board Member of a credit institution. The measure was deemed necessary due to contraventions of requirements for a proper business organisation within the meaning of section 25a (1) the German Banking Act (Kreditwesengesetz – KWG).
The administrative order is based on Section 36 (2) KWG and became final on 16 November 2018.
