Die Insolvenz von Zahlungs- und E-Geld-Instituten

'The Insolvency of Payment and E-Money Institutions': Unlike credit institutions, payment institutions and e-money institutions are not subject to deposit protection; instead, they have their own security regulations designed to protect customer funds in the event of insolvency. Whether and to what extent customer funds are protected in the event of the institution's insolvency is examined in detail for the various protection methods, followed by a proposal de lege ferenda based on a comparative legal analysis of the United Kingdom.