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July 11, 2017

EBA published data on "available financial means" and "covered deposits" in the context of the Deposit Guarantee Schemes Directive (DGSD). The data provide an overview of the level of pre-funded resources available to each Deposit Guarantee Scheme (DGS) in the EU to cover its potential liabilities to depositors.

The pre-funded available financial means of each DGS are in the process of being built up under a new funding model introduced in 2014. However, the deposit guarantee of EUR 100,000 (or equivalent in local currency) remains fully in effect and built-up available financial means are only one source of funding for DGSs in EU. Every year, EBA receives data from each EU member state on available financial means and covered deposits. These data provide a point-in-time snapshot of the extent to which DGSs across the EU are building up funds to help cover the guarantee they offer to depositors. Due to the national specificities that still exist in individual member states, these data should be interpreted carefully, as the data for different member states is not comparable without taking these national specificities into account. With annual publication of these data, EBA will contribute to enhance transparency and public accountability of DGSs across EU to the benefit of depositors, markets, policymakers, DGSs, and members states. Deposit guarantees are an important measure for maintaining confidence in banking systems and for managing financial distress in individual banks.

 

Related Links

DGS Data 

Overview of DGS Data 

Keywords: Europe, EBA, Banking, DGS, DGSD, EU

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