{"title":"Überprüfung des MiFID II/MiFIR-Regelungsrahmens inklusive „MiFID II Quick Fix“","authors":"Silvia Liegl, J. Duy","doi":"10.47782/OEBA202010072401","DOIUrl":"https://doi.org/10.47782/OEBA202010072401","url":null,"abstract":"Ein kurzer AusblickBereits 2019 hatten die Interessengruppen die Europaische Kommission gewarnt, dass verschiedene Aspekte der MiFID-II-Vorschriften entweder unnotig oder ubermasig belastend seien. Die derzeitige COVID-19-Pandemie hat die Wirtschaft der EU-Mitgliedstaaten stark beeintrachtigt und fordert daher eine rasche Reaktion zur Unterstutzung der Kapitalmarkte. In diesem Zusammenhang zielt der Vorschlag fur einen MiFID II Quick Fix sowie die gesamte MiFID-II-Uberprufung darauf ab, Verwaltungsaufwand zu beseitigen, der sich aus Dokumentations- und Offenlegungsregeln ergibt und nicht durch eine entsprechende Erhohung des Anlegerschutzes ausgeglichen wird. Der folgende Artikel beschreibt den Inhalt und die Rechtsgrundlage der derzeit laufenden MiFID-II-Uberprufung.Stichworter: Wertpapierrecht, Bankrecht, MiFID II, MIFIR, Quick Fix.JEL-Classification: G 28.Already in 2019, stakeholders had warned the European Commission that several aspects of the MiFID II rules were either unnecessary or overly burdensome. The current COVID-19 pandemic has severely affected the economy of EU Member States and therefore calls for a quick reaction to support capital markets. In that context, the proposal for a MiFID II Quick Fix as well as the whole MiFID II Review has the aim of removing administrative burdens which result from documentation and disclosure rules that are not counterbalanced by corresponding increases in investor protection. The following article outlines the content and legal basis of the currently ongoing MiFID II Review.","PeriodicalId":142487,"journal":{"name":"Zeitschrift für das gesamte Bank- und Börsenwesen","volume":"42 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-10-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115814886","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Überprüfung des Inventars innerhalb des Abhandlungsverfahrens","authors":"M. Kellner, Fabian Liebel","doi":"10.47782/oeba201912093401","DOIUrl":"https://doi.org/10.47782/oeba201912093401","url":null,"abstract":"","PeriodicalId":142487,"journal":{"name":"Zeitschrift für das gesamte Bank- und Börsenwesen","volume":"42 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115769013","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Ausgewählte Fragen der Amtshaftung für mangelhafte Bankenaufsicht","authors":"Christian Schöller","doi":"10.47782/OEBA201912088601","DOIUrl":"https://doi.org/10.47782/OEBA201912088601","url":null,"abstract":"Die Amtshaftung des Bundes fur mangelhafte Bankenaufsicht ist grundsatzlich schadenersatzrechtlicher Natur und richtet sich als solche nach den einschlagigen Bestimmungen im AHG, welches auf das ABGB verweist. Das FMABG enthalt aber zusatzlich wichtige Sonderbestimmungen. Daneben bieten die materiell-rechtlichen Aufsichtsbestimmungen im BWG einen genauen rechtlichen Rahmen, insbesondere fur Rechte und Pflichten der Bankenaufsicht, welche ebenfalls fur die Beurteilung der Amtshaftung beachtlich sind. Auserdem ist die seit Ende der 1970er-Jahre ergangene Rechtsprechung zu berucksichtigen, wonach auch – und gerade – dem Einleger und Sparer ein Amtshaftungsanspruch zukommen kann. Weitere Besonderheiten ergeben sich mit Blick auf die ubrigen praktischen Probleme, die aus der Verschrankung von Schadenersatzrecht, Amtshaftungsrecht und Bankenaufsichtsrecht folgen. Dieser Beitrag behandelt drei ausgewahlte Fragen dazu.Stichworter: Amtshaftung, Bankenaufsicht, BWG, FMABG, Schaden, Schutzzweck, Unterbesetzung, Unterdotierung, FMA, Finanzmarktaufsicht, Finanzmarktaufsichtsbehorde.JEL-Classification: G 28, G 18, K 23.State liability for inadequate banking supervision generally follows the principles of tort law and is based on the respective provisions of the Liability of Public Bodies Act, which refers to the Austrian Civil Code. Additionally, the Financial Market Authority Act contains important special provisions. Besides, the Austrian Banking Act provides for the legal framework of rights and obligations of banking supervisory bodies, which is also relevant for state liability claims. Furthermore, case law since the 1970s that says that in particular depositors may be entitled to state liability needs to be considered. Other practical problems follow from the unique interaction of tort law, public liability law and banking supervision law. This article elaborates on three distinct questions regarding the topic.","PeriodicalId":142487,"journal":{"name":"Zeitschrift für das gesamte Bank- und Börsenwesen","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124512295","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Risk-on – Risk-off","authors":"C. Schultes","doi":"10.47782/oeba201911079401","DOIUrl":"https://doi.org/10.47782/oeba201911079401","url":null,"abstract":"","PeriodicalId":142487,"journal":{"name":"Zeitschrift für das gesamte Bank- und Börsenwesen","volume":"13 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-11-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126121434","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Auszahlung von Sparguthaben trotz aufrechter pflegschaftsgerichtlicher Sperre","authors":"M. Kellner, Fabian Liebel","doi":"10.47782/oeba201911085601","DOIUrl":"https://doi.org/10.47782/oeba201911085601","url":null,"abstract":"","PeriodicalId":142487,"journal":{"name":"Zeitschrift für das gesamte Bank- und Börsenwesen","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-11-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128730627","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Übertragbarkeit oder Höchstpersönlichkeit von Anfechtungsrechten","authors":"M. Spitzer, Alexander Wilfinger","doi":"10.47782/oeba201911079501","DOIUrl":"https://doi.org/10.47782/oeba201911079501","url":null,"abstract":"Grundlagen und Folgefragen nach OGH 17 Ob 6/19k1)Die Ubertragbarkeit von Insolvenzanfechtungsrechten wurde lange einhellig abgelehnt, in jungerer Zeit vermehrt diskutiert und nunmehr vom OGH in einer Grundsatzentscheidung befurwortet. Der vorliegende Beitrag zeigt, dass dieser Umschwung sowohl den grundlegenden zivilrechtlichen Rahmenbedingungen als auch der Funktion und der Wirkungsweise des Anfechtungsrechts entspricht.Stichworter: Insolvenzanfechtung, Zession, Ubertragbarkeit, Hochstpersonlichkeit, Gestaltungsrecht, Anfechtungstheorie, Ruckgewahranspruch.JEL-Classification: K 12, K 35.The assignment of claims arising out of antecedent transactions in insolvency proceedings was traditionally considered void. However, after discussion had emerged, the Austrian Supreme Court ruled in favor of the possibility to assign such claims in a recent landmark case. The paper shows how civil law foundations as well as principles of insolvency law support this juridical turnaround.","PeriodicalId":142487,"journal":{"name":"Zeitschrift für das gesamte Bank- und Börsenwesen","volume":"11 ","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-11-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"120976544","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Kein Rechtsmittel gegen Verwertungsmaßnahmen im Schuldenregulierungsverfahren.","authors":"M. Kellner, Fabian Liebel","doi":"10.47782/oeba201911085902","DOIUrl":"https://doi.org/10.47782/oeba201911085902","url":null,"abstract":"","PeriodicalId":142487,"journal":{"name":"Zeitschrift für das gesamte Bank- und Börsenwesen","volume":"58 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-11-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"120867525","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"IT-Risiko in Banken – aufsichtsrechtliche Entwicklungen","authors":"Anna Muri, Stefan Unteregger, Andreas Griessner","doi":"10.47782/oeba201910071901","DOIUrl":"https://doi.org/10.47782/oeba201910071901","url":null,"abstract":"IT-Risikomanagement und IT-Governance stehen derzeit zunehmend im Fokus von europaischen und nationalen Regulierungsbehorden. Der Artikel gibt einen Uberblick uber bestehende und in Entwicklung befindliche Regelungen in diesem Bereich. Nach einer Definition des Begriffs \"IT-Risiko\" werden der Umfang und das Mandat der FMA bei der Uberwachung von IT-Risiken erlautert und einige der wichtigsten bestehenden nationalen und europaischen Regelungen in diesem Bereich skizziert. Abschliesend beleuchtet der Artikel mogliche zukunftige Entwicklungen der IT-Risiko-Aufsicht.Stichworter: IKT-Risiko, Operationelles Risiko.JEL-Classification: G 21, K 23, K 33, M 42.IT risk management and IT governance are currently increasingly addressed by European and national regulators. The article gives an overview of existing and (possible) future regulations in this area. After a definition of the term \"IT risk\" we explain the scope and mandate of the FMA (Financial Market Authority) in supervising IT risks and outline some of the most important existing national and European regulation in this field. The last section of this article addresses possible future developments regarding IT risk regulation.","PeriodicalId":142487,"journal":{"name":"Zeitschrift für das gesamte Bank- und Börsenwesen","volume":"38 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-10-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129002766","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Zum Übergangsrecht des IRÄG 2017.","authors":"M. Kellner, Fabian Liebel","doi":"10.47782/oeba201910075801","DOIUrl":"https://doi.org/10.47782/oeba201910075801","url":null,"abstract":"","PeriodicalId":142487,"journal":{"name":"Zeitschrift für das gesamte Bank- und Börsenwesen","volume":"66 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-10-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116256585","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Was ist eigentlich … Instagram Marketing?","authors":"Ewald Judt, Claudia Klausegger","doi":"10.47782/oeba201910073901","DOIUrl":"https://doi.org/10.47782/oeba201910073901","url":null,"abstract":"","PeriodicalId":142487,"journal":{"name":"Zeitschrift für das gesamte Bank- und Börsenwesen","volume":"23 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-10-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130019534","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}