General Information & Client Services
  • Americas: +1.212.553.1653
  • Asia: +852.3551.3077
  • China: +86.10.6319.6580
  • EMEA: +44.20.7772.5454
  • Japan: +81.3.5408.4100
Media Relations
  • New York: +1.212.553.0376
  • London: +44.20.7772.5456
  • Hong Kong: +852.3758.1350
  • Tokyo: +813.5408.4110
  • Sydney: +61.2.9270.8141
  • Mexico City: +001.888.779.5833
  • Buenos Aires: +0800.666.3506
  • São Paulo: +0800.891.2518
May 23, 2018

EBA published the 2017 data on two key concepts in the Deposit Guarantee Schemes Directive (DGSD): available financial means and covered deposits. EBA collects these data in accordance with Article 10(10) of the DGSD and publishes the data annually.

The data show that 32 out of 43 DGSs in EU member states have increased their funds since December 31, 2016. This results from the levies paid by the members of those deposit guarantee schemes (DGSs), which have been raised to reach the target level of 0.8% of covered deposits set out in the DGSD by July 2024. For another six DGSs, the available financial means have decreased mainly because these DGSs were required to use their funds to reimburse depositors during 2017. No significant changes occurred in the remaining five DGSs. The data also show that the target level of 0.8% of covered deposits has already been achieved by 17 of the 43 DGSs. The data are published to enhance the transparency and public accountability of DGSs across the EU to the benefit of depositors, markets, policymakers, DGSs, and members states.

 

Related Links

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

Related Insights
News

PRA Finalizes Policy on Minor Amendments to Regulatory Reporting

PRA published the policy statement PS30/18, which contains the final policy following a consultation (CP16/18) on certain amendments to regulatory reporting.

December 05, 2018 WebPage Regulatory News
News

EIOPA Publishes Q&A on Regulations and Guidelines

EIOPA published new sets of questions and answers (Q&A) on guidelines, implementing regulations, and delegated regulations applicable to insurers in Europe.

December 03, 2018 WebPage Regulatory News
News

ESMA Registers A.M. Best (EU) Rating Services as Credit Rating Agency

ESMA, the direct supervisor of credit rating agencies (CRAs) in EU, has registered A.M. Best (EU) Rating Services B.V. as a CRA under the CRA Regulation, with effect from December 03, 2018.

December 03, 2018 WebPage Regulatory News
News

ECB Publishes the Cyber Resilience Oversight Expectations

ECB published the final cyber resilience oversight expectations for financial market infrastructures (FMIs).

December 03, 2018 WebPage Regulatory News
News

ESAs Clarify Securitization Disclosure Requirements for Institutions

ESAs (EBA, EIOPA, and ESMA) published a statement in response to the industry concerns about severe operational challenges in meeting the transitional provisions of the Securitization Regulation disclosure requirements.

November 30, 2018 WebPage Regulatory News
News

OSFI Revises the 2019 Minimum Capital Test Guideline for P&C Insurers

OSFI released a revised Minimum Capital Test (MCT) Guideline for federally regulated property and casualty (P&C) insurers.

November 30, 2018 WebPage Regulatory News
News

BCBS Met to Discuss Challenges for Bank Supervision and Regulation

The Group of Central Bank Governors and Heads of Supervision (GHOS) met, on November 26–27, in Abu Dhabi to discuss a range of policy and supervisory topics. GHOS represents nearly 80 jurisdictions and is the governing body of BCBS.

November 29, 2018 WebPage Regulatory News
News

FED Consults on Rule Establishing Risk-Based Categories for Banks

FED proposed a rule that would establish risk-based categories for determining prudential standards for large U.S. banking organizations, consistent with section 401 of the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCP Act).

November 29, 2018 WebPage Regulatory News
News

DNB Publishes Banking and Insurance Newsletters for November 2018

DNB issued the banking and insurance newsletters for November 2018.

November 29, 2018 WebPage Regulatory News
News

BoE Publishes Financial Stability Report and Stress Test Results

The Financial Policy Committee (FPC) of BoE published the financial stability report for 2018, including the results of its 2018 stress test for the banking sector in the UK.

November 28, 2018 WebPage Regulatory News
RESULTS 1 - 10 OF 2299