The decision of the Committee on Economic and Monetary Affairs (ECON) not to mandate negotiations between the European Parliament, Commission, and Council (Trilogue) regarding a European Deposit Insurance Scheme (EDIS) is appropriate. "Granting a mandate would not have brought improvements for the citizens of the EU; instead, it would have significantly impacted the functioning, preventive security systems of financial institutions", says Marija Kolak, President of the National Association of German Cooperative Banks.
Press releases
18.04.2024
ECON recognizes the Importance of Deeper Discourse on Stability in the Banking Market
11.04.2024
Savings Banks and cooperative banks: Decentralized Security Systems Must Not Be Restricted in Their Functionality
The ECON Committee intends, to communalize national deposit insurance systems and to forcibly include national institution protection systems. Savings Banks as well as cooperative banks in Germany call on the committee to leave the national inst itution protection systemsuntouched.
10.04.2024
DSGV President Reuter: Economic growth and a greater performance orientation are key to prosperity
“Germany’s economic strength is based on the premise that we are, and will remain, a democratic and open-minded country - where people treat each other with respect and tolerance”, said DSGV President Ulrich Reuter during the presentation of the Common Economic Forecast of the chief economists of the Savings Banks Finance Group.
12.10.2023
Permanently negative real interest rate calls for investments in securities
Germany’s Savings Banks do not expect additional interest rate hikes by the ECB in the foreseeable future. “In our view, however, capital market interest rates will remain below inflation rates for a long time. This is tantamount to negative real interest rates. Purchasing power can best be maintained by widely diversified investments in securities,” said Helmut Schleweis, the President of the German Savings Banks Association (DSGV) at the DSGV’s press conference on the occasion of the Annual Meetings of the International Monetary Fund and the World Bank in Marrakech (Morocco).
12.10.2023
Savings Banks Finance Group calls for determined modernisation in Germany
Against the background of significant changes in the international economic environment, Helmut Schleweis, President of the German Savings Banks Association (DSGV), called for determined modernisation in Germany. Because of its great dependence on exports, but also because of specific structural weaknesses, Germany was trailing behind the world’s leading industrialised nations in terms of economic development. This would need to change, and change was possible, said Schleweis at the DSGV’s press conference on the occasion of the Annual Meetings held by the International Monetary Fund (IMF) and the World Bank in Marrakech (Morocco).
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