Germany (easy)
Federal Ministry of Federal Patrimony replaced which Ministry in 1957?
Ministry for Economic Cooperation
Can you tell us what is dry income?
It’s a type of income which is cashless and we can describe it as phantom income
What’s the difference between traditional and green bonds?
The difference is that they have budget expenditures for climate action, environmental protection and nature conservation assigned to them.
What is the role of His/Her Majesty's Treasury (HM Treasury)?
His/Her Majesty's Treasury is responsible for developing and executing the government's public finance policy and economic policy.
What are the Whole of Government Accounts (WGA) annual financial statements?
The Whole of Government Accounts (WGA) annual financial statements are produced from the data in the Online System for Central Accounting and Reporting (OSCAR) and provide a comprehensive view of government spending across departments.
When the Federal Ministry for the Treasury dissolved and its functions transferred to other ministries?
In 1969
Which body will conduct supervision and asset investigations in Federal Financial Crime Agency?
Supervision and administrative investigations.
Why Green German Federal securities are also referred to as ‘green twins’?
Because they have the same characteristics as conventional federal securities.
Why is the Treasury sometimes referred to as the Exchequer?
The Treasury is sometimes referred to as the Exchequer as it historically managed the royal revenues and was responsible for accounting for government income and expenditure.
How does the Treasury play a key role in government financial management?
The Treasury plays a key role in government financial management by setting public finance policy, overseeing departmental spending, and producing annual financial statements to ensure accountability and transparency in government finances.
To which ministries the functions of the Treasury transferred when it was dissolved?
Ministries of Finance and Economics
From the view of Christian Lindner, making the tax rules relating to employee share ownership more attractive can help start-ups in what way?
To attract highly skilled staff it can help
What is the tasks of Money Laundering Investigative Centre?
They will investigate significant international money laundering cases, work with criminal investigations/initial processing and support tasks.
Who is the First Lord of the Treasury?
Rishi Sunak, a British politician
What event in the 17th century led to the creation of the Treasury Commission and the establishment of "Treasury control" of spending?
The financial disaster of the Dutch Raid on the Medway, which was the culmination of the second Dutch War of 1667, led to the creation of the Treasury Commission and the establishment of "Treasury control" of spending.
How many priorities do the Finance Ministry have?
There are 3 priorities: Financing for the future; Combating financial crime; Climate action
With the help of the Financing for the Future Act, the minimum capital required for an initial public offering was reduced. So, tell us the previous and current amount of money that is required.
from €1.25m to €1m
Under the new rules, how the registered shares will be issued and transferred electronically in the future?
via a centralized securities register or via a cryptosecurities register that may be based on distributed ledger technology
Since when Rishi Sunak has been Member of Parliament for Richmond (Yorks)?
Since 2015
How did the Treasury's role evolve during the 18th and 19th centuries?
During the 18th and 19th centuries, the Treasury's role evolved to include more complex tasks such as managing public debt, overseeing tax policy, and dealing with the financial implications of wars and colonial expansion.
Federal Financial Crime Agency when will be set up and take up its work according to some fundamental reforms?
the agency will be set up in 2024, and take up its work in 2025
According to Green Bond Framework, which expenditure categories can be assigned to Green German Federal Securities? (tell all of them, then you can get the point)
There are 5 main green expenditure categories, and they are the following: 1) transport, 2) international cooperation, 3) research, innovation and awareness raising, 4) energy and industry. 5) agriculture, forestry natural landscapes and biodiversity.
What was the aims of the Financing for the Future Act? (3 aims)
To improve conditions for start-ups and small and medium-sized businesses, modernize the German financial sector, and foster a stronger shareholder culture in Germany
Who is credited as one of the earliest figures associated with the origins of the UK Treasury?
'Henry the Treasurer' who served under William the Conqueror is credited as one of the earliest figures associated with the origins of the UK Treasury.
What are the objectives of HM Treasury? (tell all of them and they are only 3)
1. Place the public finances on a sustainable footing; 2. Ensure the stability of the macro-economic environment and financial system, enabling strong, sustainable and balanced growth; 3. Increase employment and productivity, and ensure strong growth and competitiveness across all regions of the UK through a comprehensive package of structural reforms.