EBA Releases the 2017 Data on Deposit Guarantee Schemes Across EU
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.
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Keywords: Europe, EU, Banking, DGS, DGSD, Data, EBA
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