Institutsbezogenes Sicherungssystem am Beispiel eines Kreditinstitute-Verbundes

Abstract

With the formation of an IPS under CRR extensive regulatory privileges apply to the members of that system, such as the reduction of the contributions for its members to the Deposit Guarantee Scheme. The objective of an IPS corresponds essentially to an Affiliation of Credit Institutions within the meaning of Article 30a Austrian Banking Act, as it is a prerequisite for the formation of these legal structures to ensure that commitments of their members are joint liabilities. The protection of creditors is thereby in the foreground. The following article deals with the question of whether an Affiliation of Credit Institutions qualifies as an IPS.