GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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16:42 Oct 28, 2009 |
German to English translations [PRO] Bus/Financial - Finance (general) | |||||||
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| Selected response from: philgoddard United States | ||||||
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Summary of answers provided | ||||
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4 +1 | (banking) regulatory approvals |
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4 | licenses governed by the bank regulatory law/licenses subject to banking supervision law |
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licenses governed by the bank regulatory law/licenses subject to banking supervision law Explanation: The regulatory law governing the licensing and regulation of banks is the Banks and Trust Companies Law. http://www.iflr.com/Article/2026582/Cayman-Islands.html Supervisory review Banks are required to be issued with a bank license by the regulator in order to carry on business as a bank, and the regulator supervises licenced banks for compliance with the requirements and responds to breaches of the requirements through obtaining undertakings, giving directions, imposing penalties or revoking the bank's licence. http://en.wikipedia.org/wiki/Bank_regulation |
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(banking) regulatory approvals Explanation: I would leave out "banking" because it's obvious from the context. |
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