Abstract
Member countries face many challenges in institutional design and implementation of the DGSD (Directive 2014/49/EU) onto national legislation. In addition, the BRRD (Directive 2014/59/EU) prescribes a complex set of rules for problem and failing banks’ recovery and resolution process, in addition to normal insolvency proceedings and with the use of private funds for the public interest of preserving financial stability.
This chapter provides an overview of the development of legislative framework on deposit insurance for European Union member countries. It explores new imposed DIS’s rules on the coverage level and scope, shortened payout time frame, risk-based funding, use of DIS’s funds, minimum target fund size level, improved cross-border cooperation and better informed depositors. It explains the EBA’s methodology on differential premium system and the proposal for the regulation on establishment of the European DIS (EDIS).
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Bibliography
Act. 2008. https://eng.forsaetisraduneyti.is/news-and-articles/nr/3037. Act No. 125/2008. pokušaj pristupa 2016.
Bergmann, Eirikur. 2016. The IceSave Disput: Case Study into Crisis of Diplomacy During Credit Crunch. Unpublished conference proceeding, Draft paper under review. Presented at the conference at University of Akureyri March 19, 2016.
BNB. 2014. http://www.bnb.bg/. http://www.bnb.bg/PressOffice/POPressReleases/POPRDate/PR_20141106_EN.
DIF. 2014. http://dif.bg. http://dif.bg/en/%d0%b8%d0%b7%d0%bf%d0%bb%d0%b0%d1%89%d0%b0%d0%bd%d0%b5-qa/. pokušaj pristupa 2016.
Directive. 1994. Directive 94/19/EC on Deposit Guarantee Schemes. Bruxelles. EU.
———. 1999. DIRECTIVE 2009/14/EC OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 11 March 2009 amending Directive 94/19/EC on Deposit-Guarantee Schemes as Regards the Coverage Level and the Payout Delay.
Directive 2014/49/EU. 2014. Directive 2014/49/EU of the European Parliament and of the Council of 16 April 2014 on Deposit Guarantee Schemes. http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32014L0049. Accessed 2016.
Directive 2014/59/EU. 2014. Directive 2014/59/EU of the European Parliament and of the Council of 15 May 2014 Establishing a Framework for the Recovery and Resolution of Credit Institutions and Investment Firms and Amending Council Directive 82/891/EEC, and Directives 2001/24/EC, 20. http://data.europa.eu/eli/dir/2014/59/oj. Accessed 2016.
EBA. 2014. www.eba.europa.eu. https://www.eba.europa.eu/documents/10180/856039/EBA+REC+2014+02+(Recommendation+to+the+BNB+and+BDIF).pdf . Accessed 2016.
———. 2015a. Guidelines on Methods for Calculating Contributions to Deposit Guarantee Schemes. https://www.eba.europa.eu/documents/10180/1089322/EBA-GL-2015-10+GL+on+methods+for+calculating+contributions+to+DGS_EN. Accessed 2016.
———. 2015b. Guidelines on the Interpretation of the Different Circumstances When an Institution Shall Be Considered as Failing or Likely to Fail Under Article 32(6) of Directive 2014/59/EU. London. EBA.
EC. 1986. 87/63/EEC: Commission Recommendation of 22 December 1986 Concerning the Introduction of Deposit-Guarantee Schemes in the Community Official Journal L 033, 04/02/1987 P. 0016–0017. Official journal NO. L 033, 04/02/1987 P. 0016–0017.
———. 2008. http://ec.europa.eu. http://ec.europa.eu/competition/state_aid/overview/index_en.html. Accessed 2016.
———. 2010. Report from the Commission to the European Parliament and to the Council, Review of Directive 94/19/EC on Deposit Guarantee Schemes. Bruxelles. EU.
———. 2015a. http://europa.eu/rapid/press-release_IP-15-6253_en.htm. Accessed 2016.
———. 2015b. Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL Amending Regulation (EU) 806/2014 in Order to Establish a European Deposit Insurance Scheme. http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:52015PC0586&from=EN. Accessed 2016.
EFSF. 2012. http://www.efsf.europa.eu/about/operations/Greece/index.htm. pokušaj pristupa 2016.
EFTA. 2013. www.eftacourt.int. http://www.eftacourt.int/uploads/tx_nvcases/16_11_Judgment_EN.pdf.
EU. 2014. http://europa.eu. September 2014.
JRC. 2010. JRC Report Under Article 12 of Directive 94/19/EC as Amended by Directive 2009/14/EC; Annex 1. Bruxelles. European Commission.
Novinite. 2014. http://www.novinite.com. http://www.novinite.com/articles/164266/Audit+Finds+BGN+4.2+B+Impairment+Costs+on+KTB+Balance+Sheet,+Bulgaria+C.+Bank+Says.
SIC. 2010. http://www.rna.is/media/skjol/RNAvefKafli17Enska.pdf. Chapter 17. Accessed 2016.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2017 The Author(s)
About this chapter
Cite this chapter
Ognjenovic, D. (2017). Deposit Insurance in the European Union. In: Deposit Insurance Schemes. Palgrave Macmillan Studies in Banking and Financial Institutions. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-51143-6_6
Download citation
DOI: https://doi.org/10.1007/978-3-319-51143-6_6
Published:
Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-319-51142-9
Online ISBN: 978-3-319-51143-6
eBook Packages: Economics and FinanceEconomics and Finance (R0)