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As a transaction bank, the Deutsche WertpapierService Bank AG (dwpbank) handles the securities processing for financial institutions from the savings bank and cooperative sector, but also from the private and commercial banking sector in Germany. dwpbank currently manages around 5.34 million securities accounts. [2]
The BVR advises and supports its members on legal, taxation, and business management issues. The Cooperative Financial Group's institutional protection scheme is Germany's oldest deposit guarantee scheme for banks and is run by the BVR. The BVR informs its member banks on economic and political developments and publishes the “Bank-Information ...
The German public banking sector (German: Öffentliches Kreditwesen) represents a significant share of the broader banking sector in Germany. Unlike in most other Western and Central European countries, German public-sector banks have been present since the early phases of formalization of banking entities in the early modern period and have ...
The BdB is a member of the German Banking Industry Committee that brings it together with its peers representing the other segments or "pillars" of German banking, namely the BVR for cooperative banks, the DSGV for savings banks, the VÖB mainly for public promotional banks, and VdP for specialized mortgage banks.
The Central Credit Committee was founded in 1932 as a common interest group of the five federal interest groups that represent the financial sector in Germany. Until August 2011, the association was known as the Central Credit Committee [2] (German: Zentraler Kreditausschuss / ZKA) when it adopted a new name (after almost eighty years). [3]
As soon as two or more Works Councils exist within the same company (legal entity), a Central Works Council must be formed.[1]: 14 By default, each Works Council represented in the Central Works Council may send 1 member if the local Works Council has 3 or fewer members, otherwise they may send 2 members to the Central Works Council per BetrVG § 47(2).
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If a Works Council exists and represents more than 100 permanent employees, they must establish a Finance Committee, or else it is a breach of their Works Council duty. [2] Works Councils in smaller workplaces can also receive economic information under §80, however the Works Council must then show the necessity of such information. [1]: 18–20