The Financial Background of the European Deposit Guarantee Schemes and the Resolution Mechanism

József Tóth ()

MPRA Paper from University Library of Munich, Germany

Abstract: The new directives of the European Parliament and the European Council issued in 2014 define unified expectations regarding deposit guarantee schemes and regarding banking resolution mechanism to be applied in territory of each EU member states. Moreover, the so called Single Resolution Fund must be implemented by euro member states in order to finance the resolution processes. The article introduces the main rules of the unified systems as well as deals with their financial background. The European Commission declared in its statement the target level of the Single Resolution Fund which is EUR 55 billion. However, we provide evidence that this target level is underestimated.

Keywords: banking resolution; deposit guarantee scheme (search for similar items in EconPapers)
JEL-codes: E52 E58 G20 G21 G28 G38 (search for similar items in EconPapers)
Date: 2015-06-04
New Economics Papers: this item is included in nep-cba and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:64794

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