Database on German and European Economic Law

 Regulation of the European Parliament and of the Council amending Regulation (EU) 806/2014 in order to establish a European Deposit Insurance Scheme

I. Description

The European Deposit Insurance Scheme will be:

  • built on the existing system, composed of national deposit guarantee schemes set up in line with European rules; individual depositors will continue to enjoy the same level of protection (€100 000);
  • introduced gradually, step by step;
  • overall cost-neutral for the banking sector: the contributions banks make to EDIS can be deducted from their national contributions to deposit guarantee schemes;
  • risk-weighted; riskier banks will pay higher contributions than safer banks, and this will be strengthened as EDIS is introduced gradually; risk adjustments will apply from the outset
  • accompanied by strict safeguards: for example it will only insure those national DGS which comply and are being built up in line with EU rules;
  • accompanied by a Communication setting out measures to reduce risks, such as future proposals to ensure that banks’ exposures to individual sovereigns risk is sufficiently diversified; and
  • mandatory for euro area Member States whose banks are today covered by the Single Supervisory Mechanism; but open to other EU Member States who want to join the Banking Union.

(h​t​t​p​:​/​/​e​u​r​o​p​a​.​e​u​/​r​a​p​i​d​/​p​r​e​s​s​-​r​e​l​e​a​s​e​_​I​P​-​1​5​-​6​1​5​2​_​e​n​.​h​t​m)

II. General Information

Title

Regulation of the European Parliament and of the Council amending Regulation (EU) 806/2014 in order to establish a European Deposit Insurance Scheme

Status
Proposal
Regulation
Proposal
Character
Regular Act
Legal Basis
Art. 114 AEUV
Legislative Procedure
Codecision procedure
Background

III. Versions and Legislative History

1. Legislative History

Datum
Typ / Titel
Textfassungen
10/12/2016
Opinion of the Committee of the regions
04/20/2016
Opinion of the European Central Bank
O.J. 2016/C 252/1
03/17/2016
Opinion of the European Economic and Social Committee
O.J. 2015/C 177/21
11/24/2015
Proposal
COM(2015) 586 final

2. Legal Impact

Auswirkungstyp
Richtlinie
Textfassungen
Amendment
  Regulation (EU) No 806/2014

Legend

Legislative Act Status

Documents

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Overview

I. Description
II. General Information
III. Versions and Legislative History
1. Legislative History
2. Legal Impact