Third Financial Market Stabilization Act
The Third Financial Market Stabilization Act (Third Act to Implement a Package of Measures to Stabilize the Financial Market (Third Financial Market Stabilization Act - 3rd FMStG)) came into force on January 1, 2013.
The content of the law is to deal with the threats to financial market stability that continue to exist in the euro area , as the documentation and information system for parliamentary processes says :
- possibility of measures under the Financial Market Stabilization Fund Act extended beyond 2012 to the end of 2014 ;
- Opening of the financial market stabilization fund for new applications,
- Interlinking with the restructuring fund fed by the bank levy so that the banks can participate in future stabilization measures and reduce the risk of budget appropriations being drawn on
- some content changes and clarifications
Various paragraphs of the Financial Market Stabilization Fund Act will be changed, as well as paragraph 9 of the Financial Market Stabilization Acceleration Act , paragraphs 3, 10 and 12 of the Restructuring Fund Act , paragraphs 3 and 4 of the Financial Market Stabilization Fund Ordinance and Section 11 of the Ordinance on the Statutes of the Federal Agency for Financial Market Stabilization .
Web links
- Legal text
- Website of the Federal Ministry of Finance [2]
