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Press releases

April 18, 2024

Cooperative Banks and Savings Banks: ECON recognizes the Importance of Deeper Discourse on Stability in the Banking Market

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.

April 11, 2024

Savings Banks and cooperative banks: Decentralized Security Systems Must Not Be Restricted in Their Functionality

The ECON Committee of the European Parliament intends, in an expedited procedure, to communalize national deposit insurance systems and to forcibly include national institution protection systems without considering the significant structural implications associated with them. Savings Banks as well as cooperative banks in Germany call on the committee to leave the national institution protection systems, which protect nearly 100 million customers across the EU, untouched.

March 21, 2024

ECON’s approval of the CMDI proposal jeopardizes Germany’s existing banking structure

The European Parliament’s Committee on Economic and Monetary Affairs (ECON) approved a set of reforms to crisis management for banks (Crisis Management Deposit Insurance Review, CMDI) on Wednesday evening. Marija Kolak, President of the Bundesverband der Deutschen Volksbanken und Raiffeisenbanken (BVR) [National Association of German Cooperative Banks], believes that the reforms will have a far-reaching negative impact on the successful banking structure that exists in Germany: “These crisis management reforms would affect not only our banks but also our 30 million customers and Germany’s SME segment.”


BVR - May 6, 2014, 12:00:00 PM

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