The coalition agreement of the future governing parties provides relief for savings banks and cooperative banks. A ban on commission-based advice is not planned.
(Photo: picture-alliance / ZB)
Frankfurt, Berlin Relief for banks and insurers: Contrary to what has been feared in the meantime, the new federal government is not planning any hard cuts for the financial sector. The ban on commission-based advice, particularly demanded by the Greens, no longer appears in the coalition agreement presented on Wednesday.
With the creation of a uniform European deposit insurance, which the savings banks and cooperative banks reject, the SPD, Greens and FDP only want to advocate a slimmed-down variant. The financial lobby is full of praise. The following are the most important points from the coalition agreement for the financial sector.
Financial advice
The traffic light coalition is refraining from prohibiting commission-based advice to investors and replacing it with independent fee-based advice. The German Savings Banks and Giro Association (DSGV) was relieved on Wednesday: Sparkasse President Helmut Schleweis spoke of “good news”.
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