Deposit Guarantee Schemes: General Aspects and the Paybox Function

Christos V. Gortsos ()
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Christos V. Gortsos: National and Kapodistrian University of Athens

Chapter Chapter 11 in The European Banking Regulation Handbook, Volume II, 2025, pp 595-634 from Springer

Abstract: Abstract Chapter 11, on “Deposit Guarantee Schemes—General Aspects and the Paybox Function”, provides a detailed analysis of the elements of the DGSD that are not discussed in Volume I and in Chapter 9 of this Volume, namely: the definition of the term ‘deposit’ under the DGSD; the rules governing the introduction, official recognition, and internal functioning of DGSs; the mandatory participation of credit institutions in DGSs; depositor information; the arrangements for the financing of DGSs, with emphasis on the term ‘available financial means’, the ex-ante ‘target level’, the ex-ante contributions and the ex-post contributions; the general rules governing the repayment of covered deposits; the repayment procedure (‘payout’); as well as depositors’ right to compensation and DGSs’ claims. The related Commission’ proposals on the reform of the CMDI framework are also discussed.

Keywords: DGSD, Definition of deposit, National DGSs, Merger of DGSs, Cross-border DGSs, Mandatory participation, Depositor information; available financial means, ‘Target level’, Ex-ante contributions, Ex-post contributions, Investment policy, Eligible deposits, Non-eligible deposits, Covered deposits, Coverage level, Repayment procedure, ‘unavailable deposits’, Repayable amount, Right to compensation, DGSs’ claims, Right of subrogation, CMDI reform, Spring 2023 financial turmoil, IADI (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-90940-5_11

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DOI: 10.1007/978-3-031-90940-5_11

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