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:
ISBN: 9783319541648
Category : Banks and banking
Languages : en
Pages : 351
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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:
ISBN: 9783319541648
Category : Banks and banking
Languages : en
Pages : 351
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: Mr. Atilla Arda
Publisher: International Monetary Fund
ISBN: 1616358076
Category : Business & Economics
Languages : en
Pages : 27
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Book Description
This paper argues that in the European Union (EU) deposit insurance funds are too difficult to use in bank resolution and too easy to use outside resolution. The paper proposes reforms in three areas for the effective management of bank failures of small and medium-sized banks in the European Union: making resolution the norm for dealing with failing banks; establishing a common DIS for the European Union; and increasing funding and backstops for deposit insurance while removing constraints on their use for resolution measures. Without these changes, the European Union will continue to be challenged by banks that are too small for resolution and too large for liquidation.
Author: Maria Gerhardt
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 14
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Book Description
With the financial crisis, citizens suddenly realized that different levels and forms of depositor protection co-existed in the EU, whereas they had been told for almost 20 years that a single market was in place. Current deposit insurance arrangements in Europe need to be changed, as they match neither market integration nor consumer expectations. But deposit insurance cannot be considered in isolation; it is part of the broader financial safety net and the crisis resolution tools for banks. Confronted with the question of what action should be taken to draw the right lessons from the crisis, practically the only option is an EU-wide fund, but policy-makers are still hesitant. Any intermediate solution will maintain too many distortions and imperfections and will not provide a coherent response to current challenges. This policy brief reviews current policy discussions on deposit insurance in the EU. It looks at the role of deposit insurance as part of the (European) financial safety net and examines the Commission's recent proposal to amend the EU Directive on deposit guarantee schemes (DGS). The three options for a European DGS are assessed, followed by conclusions and recommendations.--Publisher description.
Author: International Monetary Fund. Monetary and Capital Markets Department
Publisher: International Monetary Fund
ISBN: 1475516576
Category : Business & Economics
Languages : en
Pages : 31
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Book Description
This article is an overview of existing deposit insurance in the European Union. There are various national deposit schemes that form the source of insurance. The schemes come up with various coverage, contributions, and fund sizes. The recent financial crisis has brought about a change in the coverage system. The main intention of this insurance is to enhance financial stability. The role of this insurance varies both within the EU and worldwide. This insurance is important to sustain financial integration and internal functioning.
Author: Tomasz Knepka
Publisher:
ISBN:
Category :
Languages : en
Pages : 10
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Book Description
Following the global financial crisis, the European financial safety net, under which taken at European level steps to fully harmonize deposit guarantees, has been modified. The European deposit guarantee scheme is now an important part of the financial puzzle in the area of managing the potential financial turmoils on the internal market of the European Union. The article presents three stages of creating a deposit guarantee scheme. The first covers the normative origins of these guarantees, then the deposit guarantees in the face of the crisis, and the deposit guarantee scheme as a part of the established European Banking Union.
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:
Publisher:
ISBN: 9789289904605
Category : Bank deposits
Languages : en
Pages : 12
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Book Description
This document provides the Eurosystem's stance on the Consultation Document by the European Commission on the Review of Directive 94/19/EC on Deposit-Guarantee Schemes (DGS). The Eurosystem's stance is based on two main principles: first, DGS are important elements of the safety net and therefore their role in promoting financial stability and enhancing public confidence in the financial system should be strengthened. Second, DGS play a role in achieving a single market for financial services, including the promotion of a level playing field for internationally active banks and banking groups. This latter principle calls for a higher level of harmonisation among DGS in the EU, both from an institutional and operational perspective.
Author: International Monetary Fund. Monetary and Capital Markets Department
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 34
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Book Description
The Belgium FSAP deep dived into the arrangements related to the financial safety net and crisis management. Belgium made progress since the 2018 FSAP2 in the preparation of resolution plans and minimum requirement for own funds and eligible liabilities (MREL) targets. The authorities should now focus on strengthening the crisis management framework, ensure the operational readiness of resolution plans and enhancing the Deposit Insurance System (DIS). The Belgium FSAP has reviewed the national arrangements and, as a result, all the recommendations are addressed to the national authorities. This technical note also refers to Significant Institutions (SIs) when relevant and includes a factual description of the allocation of responsibilities between the Belgian authorities, the European Central Bank (ECB) and the Single Resolution Board (SRB) with regards to the functioning of the financial safety net.
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: Daniel C. L. Hardy
Publisher:
ISBN:
Category : Bank failures
Languages : en
Pages : 28
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Book Description
The scramble to expand deposit guarantees in Europe in response to recent financial turmoil confirms that the on-going integration of European financial markets requires closer coordination of prudential policies and financial safety nets. We study the optimal design of prudential supervision and deposit guarantee regulations in a multi-country, integrated banking market such as the European Union, where policy-makers have either similar or asymmetric preferences regarding profitability and stability of the banking sector. The paper concludes with recommendations on policy priorities in this area.
