Publication
6 Sep 2012
This commentary suggests principles to be followed in the EU's transition to a new deposit insurance system. Full coverage of all deposits in the banks that would fall under European Central Bank (ECB) supervision from day one is not feasible. However, the authors stress that a European Deposit Insurance and Resolution Fund, run by a European Deposit Insurance and Resolution Authority (EDIRA) should become the authority that makes decisions on resolution and provides the payments to depositors when required.
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English (PDF, 3 pages, 459 KB) |
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Author | Daniel Gros, Dirk Schoenmaker |
Series | CEPS Commentaries |
Publisher | Centre for European Policy Studies (CEPS) |
Copyright | © 2012 Centre for European Policy Studies (CEPS) |