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German industry association
The
German Banking Industry Committee
(
GBIC
) (
German
:
Die Deutsche Kreditwirtschaft
/
DK
), known until 2011 as the
Central Credit Committee
(
German
:
Zentraler Kreditausschuss
/
ZKA
) is an industry association of the German banking industry. Its decisions are held normative for the national banking sector ? either directly by interbank treaties or indirectly by preparing a corresponding ministerial or
Bundesbank
decision.
[1]
History
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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]
Structure
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The five founding associations are:
By indirection of these associations the Central Credit Committee represents 2,300 financial institutions (2005). The committee itself is not an institution ? it is neither registered, nor does it have a postal address. The committee presidency changes annually rotating among the associations for private banks, for savings banks and for co-operative banks.
The Central Credit Committee resolves "common statements" (decided unanimously) representing the view of the German banking industry on a topic. The statements are published thereby influencing decisions of other institutions like the
Federal Financial Supervisory Authority
, the Bundesbank or decision-making bodies of the
European Union
. Publication and press releases are the main task of the presiding association.
Additionally the Central Credit Committee supervises joint committees of the German banking industry like the Central Competition Committee (
Zentrale Wettbewerbsausschuss
) or the Working Group on Automatic Teller Machines.
Standards in electronic banking
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]
The Central Credit Committee has created the standards in electronic banking which are resolved by proposing agreements (
Abkommen
) that are joined by the banking institutions. Banking institutions that are members of one of the associations in the ZKA are naturally bound to join these.
- Abkommen uber die Datenfernubertragung zwischen Kunden und Kreditinstitute
(
DFU-Abkommen
/
RDT
agreement - includes the
EBICS
protocol)
- Vereinbarung uber den beleglosen Datenaustausch in der zwischenbetrieblichen Abwicklung des Inlandszahlungsverkehrs
(
Clearingabkommen
/
clearing
agreement)
- Vereinbarung uber die Richtlinien fur einheitliche Zahlungsverkehrsvordrucke (
payment blank form guidelines
)
- Homebanking-Abkommen (
online banking
agreement
? includes the
HBCI
protocol)
- Abkommen zum Uberweisungsverkehr (
direct credit transfer
agreement)
- Abkommen uber den Einzug von Schecks
(
Scheckabkommen
/
cheque
agreement)
- Abkommen uber den Einzug von Reiseschecks
(
Reisescheckabkommen
/
traveler's cheque
agreement)
- Abkommen uber den Lastschriftverkehr
(
Lastschriftabkommen
/
direct debit
transfer agreement)
- Abkommen uber den Einzug von Wechseln und die Ruckgabe nicht eingeloster und zuruckgerufener Wechsel
(
Wechselabkommen
/
promissory notes
agreement)
- Vereinbarung uber das eurocheque-System
(arrangement on the
eurocheque
system ? practically defunct since 2002)
- Vereinbarung uber die Absicherung der ec-PIN
(arrangement on the
eurocheque
debit card
safety ? later
Maestro debit card
)
- Vereinbarung uber das deutsche ec-Geldautomaten-System
(arrangement on the
eurocheque
cash machine
system ? later called
Girocard
service)
- Vereinbarung uber die Festsetzung einer Hochstgebuhr fur die Benutzung der institutsubergreifenden Geldautomaten
(arrangement on the maximum fees for
interbank network
cash machines)
- Vereinbarung uber ein institutsubergreifendes System zur bargeldlosen Zahlung an automatisierten Kassen (electronic-cash-System
/ arrangement on the
electronic cash
systems)
- Vereinbarung zum POZ-System
(arrangement on
point of sale
delayed debit systems)
- Vereinbarung uber das institutsubergreifende System ?GeldKarte”
(arrangement on the
GeldKarte
stored-value card
system)
European Economic Area
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The creation of the
single market of the European Union
(1993) and the introduction of the
Eurozone
(1999/2002) has made for a shift to make decisions on a European scale. As a consequence the
European Committee for Banking Standards
(ECBS) was founded in December 1992 and the
European Payments Council
(EPC) was created in summer 2002. These drive the development of the
Single Euro Payments Area
(SEPA) and the ZKA is supervising the EPC working groups by creating their own ZKA working groups mirroring the structure of the EPC.
References
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]
- ^
The German "Die Deutsche Kreditwirtschaft " is literally
The German Services Sector
/
The German Banking Industry
(the German word "-wirtschaft" is an abstract so the definite article "Die" /
The
needs to be part of the official title). As for English publications the hybrid term "German Banking Industry Committee" is used, even with its own abbreviation GBIC, see for example the 2012 update of the
"Interface Specifications for the ZKA Chip Card"
(PDF)
. Die Deutsche Kreditwirtschaft. 2012-02-20. Archived from
the original
(PDF)
on 2016-03-04
. Retrieved
2012-12-23
.
- ^
"Central Credit Committee" is the official English name used in publications of the ZKA
- ^
"Uber uns - Deutsche Kreditwirtschaft"
.
External links
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]