Public funding of failing banks in the European Union
Einde inhoudsopgave
Public funding of failing banks in the European Union (LBF vol. 19) 2020/2.6.1.4:2.6.1.4 Contributions by deposit guarantee schemes
Public funding of failing banks in the European Union (LBF vol. 19) 2020/2.6.1.4
2.6.1.4 Contributions by deposit guarantee schemes
Documentgegevens:
mr. M. Louisse-Read, datum 01-06-2020
- Datum
01-06-2020
- Auteur
mr. M. Louisse-Read
- JCDI
JCDI:ADS213854:1
- Vakgebied(en)
Financieel recht / Europees financieel recht
Staatssteun (V)
Toon alle voetnoten
Voetnoten
Voetnoten
Article 4(1) DGS Directive.
Covered deposits are eligible deposits that do not exceed the coverage level of EUR 100,000 per depositor. Eligible deposits are deposits that are not excluded from the protection pursuant to Article 5 DGS Directive. Article 2(1) under 4 and 5 DGS Directive.
Article 2(1) under 8 DGS Directive in combination with Article 11(1) DGS Directive.
Article 11(3) DGS Directive.
Article 10 DGS Directive. See also Grünewald 2014, p. 135-153.
Deze functie is alleen te gebruiken als je bent ingelogd.
Each Member State has to ensure that within its territory one or more deposit guarantee schemes are introduced.1 Deposit guarantee schemes guarantee the repayment of ‘covered deposits’2 when deposits become unavailable, e.g. because the bank enters insolvency proceedings.3 The deposit guarantee schemes can also be used to finance resolution of a bank or to finance alternative measures in order to prevent the failure of a bank.4 The deposit guarantee schemes are funded by their members, which are the banks in the respective Member States.5