Financial holding company
A financial holding company is a special form of financial holding that is subject to European banking supervisory law and regulated there in more detail. It denotes a financial company whose subsidiaries are exclusively or mainly financial institutions or companies, at least one of these subsidiaries being a credit institution or an investment firm .
The purpose of regulating financial holding companies is to supervise groups of companies, which include credit institutions and securities firms, but which are not the group's parent company. For these financial holding groups , too , banking supervisory regulations apply. B. on capital adequacy (section 10a KWG ), requirements for persons in management bodies (section 2d KWG), approval requirements for establishing business relationships (section 12a KWG) and certain reporting obligations (section 24 KWG). A financial holding company can, upon request, be the parent institution of a group of institutions (normally this is the largest credit institution in the group) and is then responsible for compliance with the group's own funds requirements.
Examples of a financial holding company are Landesbank Berlin Holding , the financial holding company of the Sparkasse in Bremen and Haspa Finanzholding .