bankaufsichtsrechtliche Genehmigungen

English translation: (banking) regulatory approval

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:bankaufsichtsrechtliche Genehmigungen
English translation:(banking) regulatory approval
Entered by: Gudrun Maydorn (X)

16:42 Oct 28, 2009
German to English translations [PRO]
Bus/Financial - Finance (general)
German term or phrase: bankaufsichtsrechtliche Genehmigungen
Beitritt zu den Zahlungsverkehrsabkommen des deutschen Kreditgewerbes ersetzt nicht die für einzelne Bankgeschäfte notwendigen bankaufsichtsrechtlichen Genehmigungen.
Gudrun Maydorn (X)
Germany
Local time: 21:09
(banking) regulatory approvals
Explanation:
I would leave out "banking" because it's obvious from the context.
Selected response from:

philgoddard
United States
Grading comment
Thanks a lot
3 KudoZ points were awarded for this answer



Summary of answers provided
4 +1(banking) regulatory approvals
philgoddard
4licenses governed by the bank regulatory law/licenses subject to banking supervision law
Ingrid Moore


  

Answers


40 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
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

Ingrid Moore
Local time: 21:09
Does not meet criteria
Native speaker of: German
PRO pts in category: 28
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58 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
(banking) regulatory approvals


Explanation:
I would leave out "banking" because it's obvious from the context.

philgoddard
United States
Meets criteria
Specializes in field
Native speaker of: English
PRO pts in category: 205
Grading comment
Thanks a lot

Peer comments on this answer (and responses from the answerer)
agree  Teresa Reinhardt
11 hrs
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