If they are doing nothing, they just need to prescribe: Consumer Protection Minister Aigner wants banks if necessary, compel by law to inform their customers better. Leaflets will continue to educate about the real costs and risks of investments.
Munich – Federal Consumer Protection Minister Ilse Aigner increases the pressure: The CSU-politician threatening the banks with a law to protect customers against financial losses. "I am disappointed by the banks," she told the Süddeutsche Zeitung on Wednesday. If they should refuse the necessary information, there must be a law.
Aigner has in mind in future, all homes uniform package insert money for certificates, insurance and other financial products are expected to provide, educate about the real costs and risks. So far only two banks offer such a package insert. In the wake of the financial crisis, tens of thousands of citizens have large sum such as certificates of the collapsed U.S. bank Lehman Brothers lost to them by consultants were sometimes sold as safe.
Campaigners reason for anger were the results of a comparison of the consultant Stiftung Warentest, which was unveiled on Friday. Not a single bank received a "good", almost all committed serious mistakes in the care of their customers. The advice of banks is "as bad as its reputation," says the testers. Of 21 tested for their investment advice was not a single bank was rated "good condition", but two banks have "poor" and 16 "acceptable" cut. The three test winner had been merely "satisfactory assessment.
Aigner said the newspaper continued, they would, moreover, that finance companies are liable for any errors anymore. Errors in prospectuses of shares, funds or allowances should continue to be held after three barred after ten years. The customer could then take back another ten years later in court money, if it has been described a system in the prospectus positive.
Tags: lehman brothers, financial losses, test winner, u s bank, prospectuses, finance companies, süddeutsche zeitung, warentest, ilse aigner, package insert