Protection for savers in the EU
Per customer and bank EU are uniformly deposits up to 100 000 secured. (Photo: imago) negotiator for the EU institutions have agreed on new rules to secure bank deposits in case of bankruptcy. Youngest act is the strengthening and harmonization of deposit insurance (Deposit Guarantee Schemes, DGS). Negotiators of the EU Parliament, the Council of Ministers (Member States) and the European Commission have agreed on the night of Wednesday to relevant legal rules. The compromise has yet to be confirmed by Parliament and the Council of Ministers. Twelve months after its entry into force, Member States must transpose the rules into national law. FondsIm banks finance contrast to banking supervision undabwicklung it is not about Europeanization. Even with Euro States will remain with national systems to secure the deposits in case of bank failure. Nevertheless, the project counts to some extent to the foundation of the proposed banking union, which is to make the banking sector more robust and the link between sovereign and bank caps. What remains unchanged is the cover: be hedged with the statutory deposit guarantee EU uniformly deposits below 100 000 per customer and the bank. The main novelty is that in all Member States to finance one or more deposit insurance fund must be established (if they do not already exist). These are ex ante filled by bank levies, the amount of which depends on the risk profile jordans 7 shoes of each institution. As a rule, a fund within 10 years to reach a size of 0.8% of insured deposits, which the EU is widely found around 60 billion. The number is between the (higher) expectations of Parliament and the (lower) initial position of the Council of Ministers. States with a highly concentrated banking sector can be satisfied with a circumference of 0.5% of insured deposits, unless the Commission agrees. This fits especially France. The funds will help to ensure that in a next crisis again primarily the taxpayers have to step. 70% of funds must be paid in cash, the rest can contribute payment commitments. If a large payment required in the construction phase, the deadline for achieving the 0.8% may be renewed for four years. There is not enough fund for a specific case, he collects ex post additional contributions of banks. As a last resort he has access to alternative financing arrangements such as public or private loans. Mutual Loans between funds on a voluntary basis. The Institute securing the German savings banks and cooperative banks folk and may persist according to the chief negotiator of the Parliament, the German Social Democrats Peter Simon. Faster disbursement A second innovation is the acceleration of payments: The maximum time limit for the compensation of depositors in the event of bankruptcy is gradually reduced from the current 20 working days from 2019 until it amounts to only 7 working days from January 2024. In addition, the depositors, among other things, a standardized information sheet will be better informed. Savings accounts and current accounts would be Europe's crisis-proof, said Simon. This should also help to avoid a run on the banks in crisis situations. The new requirements are the Deposit Protection harmonize stronger than it did the previous rules, existing since 1994 and repeatedly adapted EU. The Commission has proposed air jordan 4 retro for sale the revision in 2010, but negotiations for a long time are hardly any progress. More about The First bleed the shareholders June 28, 2013 A major project with quarreling builders July 27, 2013, 06:00 Creditors bleed from 2016 December 13, 2013 Protection for savers in the EUvon Hans Ueli SchöchliDie consequences of KontingentenEs live the Bürokratievon Claudia Aebersold Szalay, FrankfurtTamedia and Ringier race for digital Suchdienstevon Peter A. FischerMit protectionism against sanctions Russian proxy war in credit card format
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