Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/162211
Authors: 
Gleber, Peter
Year of Publication: 
2017
Series/Report no.: 
IBF Paper Series 05-17
Abstract: 
Cooperative Institutional Protection – a Necessary Instrument for Strengthening Customer Trust and Risk Management in Local Banking Groups: The protection scheme of the cooperative financial network goes back to the guarantee funds of the German ‹Volksbanken›, the world's oldest privately-financed protection system for banks. The core task of institutional protection is to protect the cooperative banks and hence the protection of the member's and customers' deposits, investments and savings. The local roots of the credit cooperatives rest in the 19th century. During the so-called formative phase, protection schemes were established for the newly-created cooperative lending networks of ‹Volksbanken› and rural cooperative banks, which have been a joint cooperative financial network since 1972. Since that time, the cooperative banks' combined protection scheme has developed into a unique protection system with complex tools for risk management.
JEL: 
G21
N14
N24
N34
N94
P13
Document Type: 
Working Paper

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