Conference report: What deposit insurance scheme for Europe?

A Commission proposal to introduce a further degree of harmonisation to deposit guarantee schemes (DGS) in the EU is raising fierce opposition in the member states, not least in France and Germany. The Commission proposes a minimum level of ex-ante funding, a maximum pay-out period of seven days, and mutual borrowing between schemes for cross-border failures, in which the newly created European Banking Authority will be involved.

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