EU guarantee schemes: Status quo and policy implications

Małgorzata Iwanicz-Drozdowska, Jakub Kerlin, Paweł Smaga and Marta Tomasik

Journal of Banking Regulation, 2015, vol. 16, issue 3, 219 pages

Abstract: This study aims to assess the current institutional arrangements of guarantee schemes in three sectors of the financial services industry (banking, insurance and capital market) in EU countries. Using data collected directly from guarantee schemes and other sources, as well as bank balance sheet data, the research focuses on assessing the financial capacity of the guarantee schemes. The analysis is supported by the illustration of the consequences of a hypothetical failure of global systemically important bank (G-SIB) in the EU and separately in EU countries from Central and Eastern Europe. This is to prove that setting up a pan-European deposit guarantee scheme for banks in the banking union would create a significant financial burden for the European economy. The research points out some policy implications of how to deal with this issue.

Date: 2015
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