The European Banking Authority has published the second in a series of three opinions on the implementation of the Deposit Guarantee Scheme Directive in the EU. This opinion relates to DGS payouts. The first opinion related to the eligibility of deposits, coverage level and cooperation between deposit guarantee schemes and was published in August 2019. The third opinion will cover DGS funding and the uses of DGS funds. The opinions have been prepared to assist the European Commission in its obligation to report on the implementation of the DGSD.
The EBA recommends the following on the subject of DGS payouts:
The EBA has concluded that it is not necessary to amend existing provisions on the deadline for making a repayable amount available to depositors or the payout method, identification of depositors or the general procedure for informing depositors during payouts.
View the EBA's opinion.
View details of the EBA's opinion on the eligibility of deposits, coverage level and cooperation between deposit guarantee schemes.
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