German Banking Industry Committee

The German banking industry ( DK ) is an organization of credit institutions in Germany to common opinion and will formation and to represent the interests of the banking industry to government institutions. This merger of the banking industry associations in Germany was until August 2011 Central Credit Committee ( CCC).

Organization and task

The merger was founded in 1932 under the name Central Credit Committee ( CCC). In August 2011, he changed its name to The German banking industry (DK).

In the merger, the five central associations of the German banking industry are represented:

  • Federal Association of German Cooperative Banks ( BVR)
  • Association of German Banks
  • Federal Association of German Public Sector Banks ( VÖB)
  • German Savings Banks and Giro Association (DSGV )
  • Association of German Pfandbrief Banks (vdp ) (formerly the Association of German Mortgage Banks )

Overall, the German banking industry for all banks that are direct members or members of the member associations of these associations are represented. Currently (2005 ), these are approximately 2,300 credit institutions based in Germany.

The German banking industry is neither organized nor as an association as a society. He has no legal personality and no postal address. The external appearance and the publication of its common positions respectively taken by the lead organization. The lead changed every year at the beginning of the calendar year between the Federal Association of German Public Sector Banks, the German Savings Banks and Giro Association, the Association of German Banks and the Federal Association of German Cooperative Banks.

By working try the associations to formulate common positions on matters of banking law, the Bank's policy and practice of banking. The positions are unanimously agreed and recorded in written comments. The German banking industry represents the common views to government, banking and financial institutions, such as the German Federal Financial Supervisory Authority (BaFin ), other authorities and legislative bodies in the Federal Republic of Germany and the European Union. The publication of opinions and other press releases is one of the tasks of the Lead Association.

The work of the German banking industry is conducted in working committees that meet regularly. These include, for example, the Central Competition Committee or Task Force ATMs.

Standardization of cashless payments

An important task of the German banking industry is the development of standardized rules for payments between the banks involved and their customers. The elaborated standards are laid down in contracts between the tip represented associations and their equipment. These contracts are referred to as " Agreement" in the rule. The following agreements apply for domestic payments in Germany:

  • Agreement on the remote data transmission between customers and banks ( dial-up agreement )
  • Agreement on the paperless exchange of data in the inter-company settlement of domestic payments ( clearing agreements )
  • Agreement on the guidelines for uniform payment forms
  • Home Banking Agreement
  • Agreement on the transfer of funds
  • Agreement on the collection of checks (checks agreement )
  • Agreement on the collection of traveler's checks ( traveler's check agreement )
  • Agreement on the direct debit payments (direct debit agreement )
  • Agreement on the collection of bills and the return unredeemed and recalled change (change agreement )
  • Agreement on the eurocheque system
  • Agreement on the protection of the ec - PIN
  • Agreement on the German ec - ATM System
  • Agreement on the establishment of a maximum fee for the use of cross-institutional ATMs
  • Agreement on an institution -wide system for cashless payment at automated cash ( electronic cash )
  • Agreement to POZ system
  • Agreement on the cross-institutional system " cash card "

The agreements are legally binding on all organized in associations banks.

Performance of the tasks within the European Union

The creation of the European single market on 1 January 1993, the third stage of European Economic and Monetary Union introduced on 1 January 1999, the euro cash changeover on 1 January 2002 have led to the tasks of the German banking industry increasingly must be met at the European level. This applies both for lobbying and for the task of standardization of payments. In December 1992, the European Committee for Banking Standards ( ECBS ) was founded. The aim of ECBS is stepping up the development of the technical infrastructure for the European payments through the development of standards. The International Bank Account Number (IBAN ) has been developed, for example, by the ECBS. In spring 2002, the European Payments Council (EPC ) was established by 42 European banks and various banking associations to life. The purpose of the European Payments Council is the realization of the Single Euro Payments Area Single Euro Payments Area (SEPA). German banks are represented both in ECBS as in the EPC. For the uniform representation of the interests of German credit institutions and to strengthen the cooperation in these bodies, the German banking industry has established the CCC office SEPA on 3 June 2004. The individual working groups in the EPC called mirror working groups have been set up that deal with the same topics. The respective coordinator of the mirror group is also represented in the corresponding EPC working group.

Bundesverband der Deutschen Volksbanken und Raiffeisenbanken Bundesverband deutscher Banken Deutscher Sparkassen- und Giroverband Traveler's cheque
233616
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