European Union: Publication of Financial Sector Assessment Program Documentation—Technical Note on Deposit Insurance
IMF Staff Country Reports, March 15, 2013
Source details
- Canonical URL
- European Union: Publication of Financial Sector Assessment Program Documentation—Technical Note on Deposit Insurance
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Bibliographic details
- Published: March 15, 2013
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475542646.002
Overview
- This article is an overview of existing deposit insurance in the European Union.
- There are various national deposit schemes that form the source of insurance.
- The schemes come up with various coverage, contributions, and fund sizes.
- The recent financial crisis has brought about a change in the coverage system.
- The main intention of this insurance is to enhance financial stability.
- The role of this insurance varies both within the EU and worldwide.
- This insurance is important to sustain financial integration and internal functioning.
Key findings and observations
- Existence of multiple national deposit schemes across the European Union.
- Heterogeneity in:
- coverage levels,
- contribution arrangements,
- fund sizes.
- Recent financial crisis prompted changes in coverage arrangements.
- Deposit insurance is intended primarily to enhance financial stability.
- The role and design of deposit insurance vary across EU member states and in a global context.
- Deposit insurance contributes to sustaining financial integration and the internal functioning of the banking system.
Subjects and keywords (as listed)
- Subjects: Bank deposits, Bank resolution, Bank resolution framework, Banking, Deposit insurance, Distressed institutions, Financial crises, Financial institutions, Systemic crises
- Keywords: bank, Bank resolution, Bank resolution framework, bank resolution fund, CR, deposit, Deposit insurance, deposit insurance agency, deposit insurer, depositor, depositor payout, depositor preference, DGS, Distressed institutions, EU bank resolution fund, EU deposit guarantee schemes, Global, insurance, insurance pool, insurance scheme, ISCR, payout activity, protection scheme, resolution fund, Systemic crises
Content in this bundle
- Deposit Insurance Technical Note — March 2013