The Missing Pillar: A European Deposit Insurance

Angelo Baglioni

Chapter Chapter 6 in The European Banking Union, 2016, pp 111-124 from Palgrave Macmillan

Abstract: Abstract The European Deposit Guarantee Scheme (EDGS) is the missing pillar of the banking union. The 2014 Directive has introduced several innovations that are described in this chapter. Among them, the most relevant is the requirement that the deposit guarantee schemes (DGS) should be funded ex ante by raising risk-based insurance premiums. However, that Directive is still aimed at harmonizing the national guarantee schemes, rather than pointing to some integration among them. Looking forward, the best way to proceed is not by creating a new European institution, responsible for deposit insurance, but rather by expanding the scope of the SRM, thus going toward an integrated resolution and deposit insurance agency.

Keywords: Deposit insurance; Premiums; Coverage; European Deposit Guarantee Scheme (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-1-137-56314-9_6

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DOI: 10.1057/978-1-137-56314-9_6

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