The lack of transparency, coupled with the difficulty of consumers in identifying key information from the large volume of material and communication in fine print, leads to an information asymmetry, which renders the banker-customer relationship one of unequals.
With the introduction of Jumbo Pfandbriefe, with an issue volume of over Ε 500 million, the establishment of book-building as a method of issue and the assignment of an 2  This tax exemption applies to participating interests held by the seller for at least one year and, in the event of a disinvestment, will increase yield after taxes.