Inhalt
Tasks
The entry into force of the Restructuring Act (Restrukturierungsgesetz) on 1 January 2011 represented a paradigm shift for lawmakers. First, banking supervisors were given extended powers of intervention in order to protect restructuring measures imposed on institutions. Second, by passing the Restructuring Act, lawmakers have laid the foundation for the effective restructuring of credit institutions. At the same time, they are taking a new path towards financing these measures: in future, the financial industry will be asked to pay a larger share of the bill for financing support measures as a result of the bank levy to be imposed by the Restructuring Fund. The aim is to shift the burden from the taxpayer to the originator.
History
What events led to the establishment of the FMSA? How and when was it created? How have its tasks evolved over time?
Legal basis
What legislation governs FMSA’s activity and how did this legislation come into being? What changes have occurred over time?
