Admin, Author at Economy and Finance Forum

Banking in Germany: What is MaRisk (Minimum Anforderungen an das Risikomanagement – The Minimum Requirements for Risk Management)

November 24, 2024November 24, 2024 - by Admin - Leave a Comment

The Minimum Requirements for Risk Management (MaRisk) serves as a cornerstone of Germany’s financial regulatory framework, guiding institutions in managing operational, credit, market, and sustainability risks. This article delves into the origins, core principles, evolution, and key amendments of MaRisk, highlighting its role in fostering financial stability and adapting to new challenges like ESG risks and digitalization.

Economy

Economic Growth, Development, and Poverty

October 23, 2024October 23, 2024 - by Admin - Leave a Comment

The concepts of economic growth and development entail significant distinctions in meaning within economic theory. Economic growth refers to the increase in the monetary expression of all goods and services produced in a country during a specific period, while development encompasses a broader scope, including not only economic growth but also social improvement, equity in income distribution, and the enhancement of living standards.

Economy

Definitions of the Concept of Development: A Literature Review

October 11, 2024October 11, 2024 - by Admin - Leave a Comment

Development is a multidimensional concept that has been examined from various perspectives in the literature. In this writing, we will explore certain key definitions of development and the prominent thinkers who contributed to these definitions.

Banking / Economy

Sustainability Reporting (Nachhaltigkeitsberichterstattung)

October 7, 2024October 7, 2024 - by Admin - Leave a Comment

In recent years, the importance of sustainability has become a focal point in both corporate governance and public discourse. As environmental, social, and governance (ESG) factors increasingly influence stakeholders, businesses are under growing pressure to be transparent about their impact on society and the planet. One of the most prominent tools for this transparency is sustainability reporting.

Banking

Wero AB and Digital Payment Systems in Europe

September 30, 2024September 30, 2024 - by Admin - Leave a Comment

In today’s fast-evolving financial landscape, digital payments have become an integral part of daily life. As businesses and consumers shift toward online and contactless transactions, the demand for seamless, secure, and cost-effective payment solutions has surged. Digital payments refer to money transfers that occur electronically without the need for physical exchange, whether through credit cards, bank transfers, mobile apps, or digital wallets.

Banking

Cooperative Banking in Germany: A Comprehensive Overview

September 22, 2024September 22, 2024 - by Admin - Leave a Comment

Cooperative banking has a long and significant history in Germany, where the cooperative model is deeply rooted in the financial and social structure of the country. This banking system, known …

Finance

Financial Literacy: The Foundation of a Strong Future

July 15, 2023July 15, 2023 - by Admin - Leave a Comment

Financial literacy refers to the ability of individuals to understand, evaluate, and make effective decisions about personal and universal financial matters. In today’s world, financial literacy has become an essential part of everyone’s life.

Economy

Annual Report 2022/2023 by BIS

July 15, 2023July 15, 2023 - by Admin - Leave a Comment

Annual Report 2022/2023 was published by BIS (The Bank for International Settlements).

Banking

Regulatory Reporting Requirements In European Banks

April 10, 2023April 10, 2023 - by Admin - Leave a Comment

Regulatory reporting refers to the submission of data to regulatory authorities by financial institutions, such as banks, to comply with regulatory requirements. In Europe, regulatory reporting is governed by the European Banking Authority

Finance

Digitalisation in Financial Sector

March 27, 2023March 29, 2023 - by Admin - Leave a Comment

In the last 15-20 years, digitalization has caused serious changes and transformations all over the world and in many sectors. Digitization, which is increasing its speed and impact day by day, has perhaps affected the finance sector the most.