[author: Stephen Hancock]
On August 8, the European Banking Authority (EBA) published an opinion (EBA-Op-2019-10) on the eligibility of deposits, coverage level and co-operation between deposit guarantee schemes (DGS) under the Deposit Guarantee Schemes Directive (DGSD) (2014/49/EU).
The opinion outlines a number of general and specific proposals for the European Commission to consider when preparing its mandated report on the progress made towards implementing the DGSD and if the Commission prepares a proposal for a revised DGSD.
The opinion sets out the EBA’s proposals on a range of topics, including:
- Home-host co-operation, and co-operation agreements between DGS
- DGS’ co-operation with various stakeholders
- Transfer of contributions
- Coverage level
- Current list of exclusions from eligibility and current provisions on eligibility
It includes a report that provides a detailed analysis of each topic, including the background, methodology, data sources, options to address the issues identified and conclusions.
