The governance of Deposit Guarantee Schemes and its impact on the use of alternative interventions in banking crises

Irene Mecatti

Banca Impresa Società, 2020, issue 2, 217-248

Abstract: The paper aims at designing a Dgs model according to which a national schemecan intervene in a banking crisis without breaking Eu State aid rules. It is dividedin four parts. Firstly, it describes the new regulatory framework relating to Dgssand the potential use of alternative interventions. Secondly, the 2015 EC decision onTercas and its impact at national level will be analysed. Thirdly, the paper will focuson the 2019 General Court judgement, criticizing some of the remarks containedtherein. In the final part, the paper will compare the reached conclusions relating Dgs’ alternative measures to the interventions of the Srb. The final part will considerthe problem of the combination of the super priority rule ex art. 108 Brrdand the least cost principle, meant as condition to activate alternative interventions.

Keywords: State Aid; Credit Institutions; Financial Stability; Banking Crises; Deposit Guarantee Schemes; Alternative Interventions; Least Cost Principle; Super Priority Rule. (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:mul:jqmthn:doi:10.1435/98044:y:2020:i:2:p:217-248

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