- The European Union (EU) wants to convert all the national deposit guarantee schemes into one unified European system. However, not every EU country’s deposit protection is as well developed as Germany’s. Many countries first need to develop their own deposit protections according to a pan-European standard - since 2015 all the countries in the EU have been required to have deposit guarantee schemes - and fill them with money. Otherwise in an emergency the insurance money intended for a country´s deposits would flow to countries with less insured finances. German cooperative banks are standing firm by individual responsibility. This film explains why our protection scheme should itself be protected.
Bundesverband der deutschen Volksbanken und Raiffeisenbanken e.V. (BVR) Bundesverband der deutschen Volksbanken und Raiffeisenbanken e.V. (BVR)