The state’s duty of care to citizens as depositors of their savings in banks. The majority of customers – and poorer, economically weak persons in particular – are not in a position to protect themselves. Therefore, someone must take over the control of their deposits on their behalf (representation hypothesis). This is the supervisory authority. – See Investor protection, Supervision.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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