The Role of Deposit Guarantee Schemes as a Financial Safety Net in the European Union PDF Download
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Author: Jakub Kerlin
Publisher: Springer
ISBN: 3319541633
Category : Business & Economics
Languages : en
Pages : 361
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Book Description
This book examines the changing role of Deposit Guarantee Schemes (DGSs) as a financial safety net of the European Union, with specific emphasis on post-crisis reforms. The author identifies the institutional weaknesses of DGSs and analyses their functioning in post-crisis conditions. Readers discover the extent to which the participation of DGSs in bank resolution increases effectiveness, and whether such enhancement of the financial safety net allows for the liquidation of large financial institutions. Finally, the book identifies, categorises, and analyses possible forms of involvement of DGSs in the EU resolution, as well as the proposal of methods for the quantitative measurement of the preparedness of DGSs to participate in this process.
Author: Jakub Kerlin
Publisher: Springer
ISBN: 3319541633
Category : Business & Economics
Languages : en
Pages : 361
Get Book Here
Book Description
This book examines the changing role of Deposit Guarantee Schemes (DGSs) as a financial safety net of the European Union, with specific emphasis on post-crisis reforms. The author identifies the institutional weaknesses of DGSs and analyses their functioning in post-crisis conditions. Readers discover the extent to which the participation of DGSs in bank resolution increases effectiveness, and whether such enhancement of the financial safety net allows for the liquidation of large financial institutions. Finally, the book identifies, categorises, and analyses possible forms of involvement of DGSs in the EU resolution, as well as the proposal of methods for the quantitative measurement of the preparedness of DGSs to participate in this process.
Author: Sydney J. Key
Publisher: CEPS
ISBN: 9290791500
Category : Deposit insurance
Languages : en
Pages : 53
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Book Description
Analisis del problema de la armonizacion comunitaria de los sistemas de garantia de depositos.En primer lugar estudia si es mas conveniente un sistema controlado por el pais de origen o por el pais de acogida de las instituciones financieras. A continuacion analiza como se debe realizar la armonizacion para conseguir los objetivos de estos sistemas: proteger a los consumidores y evitar riesgos del sistema, minimizar el riesgo moral y evitar las distorsiones en la competencia. Para ello trata las cuestiones de nivel y amplitud de la proteccion, estructura administrativa y financiera, normas de operacion, y relacion con el Banco Central Europeo. Incluye bibliografia y el texto de la propuesta de directiva sobre sistemas de garantia de depositos de 14 de abril de 1992.(jha).
Author: F. Arnaboldi
Publisher: Springer
ISBN: 1137390875
Category : Business & Economics
Languages : en
Pages : 166
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Book Description
Arnaboldi highlights the importance of one of the three pillars of the Banking Union, the common mechanism for insuring deposits. She claims that integrated financial markets require a European solution with regard to deposit insurance and that the establishment of a pan-European scheme could address the problems for large cross-border banks.
Author: Ms.Edda Zoli
Publisher: International Monetary Fund
ISBN: 1451874669
Category : Business & Economics
Languages : en
Pages : 35
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Book Description
This paper argues that an optimal deposit insurance scheme would allow the level of insurance coverage to be determined by the market. Based on this principle, the paper proposes an insurance scheme that minimizes distortions and embodies fairness and credibility, two essential characteristics of a viable and effective deposit insurance scheme. Using a simple model for the determination of the optimal level of insurance coverage, it is shown that the optimal coverage is higher for developing compared to developed countries; a condition that is broadly satisfied by prevailing deposit insurance practices around the world.
Author:
Publisher:
ISBN: 9789276126058
Category :
Languages : en
Pages :
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Book Description
Deposit insurance protects deposits and discourages depositors from bank runs. The strength of a deposit guarantee scheme (DGS) is primarily determined by the relative strength of its member institutions (mostly banks), the level of available financial means and the guarantor. It follows the principle that banks, participating in a DGS, and not taxpayers, should pay for bank failures. In the European Union, deposit insurance has been harmonised over the past two decades. The current rules and procedures on depositor protection are set out in the Deposit Guarantee Schemes Directive (DGSD) adopted in 2014, which strengthened depositor protection by requiring faster pay-outs, more robust funding, including a minimum target level for ex ante risk-based contributions, and increased information disclosure. Deposit insurance is therefore organised at national level and guaranteed by national governments, which are required to contribute when the funds of national DGSs are insufficient. In November 2015, the Commission proposed to set up a European deposit insurance scheme (EDIS) for bank deposits in the euro area as the third pillar of the Banking Union. Negotiations on the EDIS proposal are still ongoing. The DGSD contains about 22 national options and discretions (NODs), which may be applied on the basis of national circumstances, and their relevance under EDIS was frequently addressed in the context of the negotiations on EDIS in the European Parliament and the Council. In this context, the purpose of the study is to provide an overview of the current use of NODs in the Member States and contribute to the discussion regarding their treatment under EDIS, by formulating policy recommendations, including in view of the impact on EDIS in terms of financial exposure and administrative burden.
Author: Samir Ainouz
Publisher:
ISBN: 9783038913832
Category :
Languages : en
Pages :
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Book Description
Author: Asli Demirgüç-Kunt
Publisher: International Monetary Fund
ISBN: 1498354475
Category : Business & Economics
Languages : en
Pages : 44
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Book Description
This paper provides a comprehensive, global database of deposit insurance arrangements as of 2013. We extend our earlier dataset by including recent adopters of deposit insurance and information on the use of government guarantees on banks’ assets and liabilities, including during the recent global financial crisis. We also create a Safety Net Index capturing the generosity of the deposit insurance scheme and government guarantees on banks’ balance sheets. The data show that deposit insurance has become more widespread and more extensive in coverage since the global financial crisis, which also triggered a temporary increase in the government protection of non-deposit liabilities and bank assets. In most cases, these guarantees have since been formally removed but coverage of deposit insurance remains above pre-crisis levels, raising concerns about implicit coverage and moral hazard going forward.
Author: Rita Carisano
Publisher: Dartmouth Publishing Company
ISBN:
Category : Business & Economics
Languages : en
Pages : 232
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Book Description
The salience of deposit insurance has increased enormously in recent years as a result of the thrifts crisis in the USA and its proposed introduction to the European Community.
Author: Ms.G. G. Garcia
Publisher: International Monetary Fund
ISBN: 1451850492
Category : Business & Economics
Languages : en
Pages : 64
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Book Description
The paper contrasts deposit protection with other forms of insurance, examines why goods and services of all kinds receive warranties and guarantees, and explores the particular characteristics of deposits and banks that merit deposit insurance. It examines a variety of reasons why countries choose to adopt systems of deposit insurance, the pitfalls that can arise from poorly designed schemes, and the features of a scheme that successfully avoids these pitfalls.
Author: Mr.Alexander Kyei
Publisher: International Monetary Fund
ISBN: 1451855540
Category : Business & Economics
Languages : en
Pages : 48
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Book Description
This paper is a survey of deposit protection arrangements and it compares the key elements of deposit protection schemes around the world. There are more implicit arrangements that guarantee deposits than explicit ones, but there has been a growing tendency since the 1980s for countries to adopt explicit ones largely in response to emerging problems with their financial systems.
