European Deposit Insurance Scheme (proposed)

E386347

The proposed European Deposit Insurance Scheme is an EU-level framework intended to provide common protection for bank deposits across participating member states as part of completing the Banking Union.

All labels observed (2)

How this entity was disambiguated

Statements (48)

Predicate Object
instanceOf component of the European Banking Union ⓘ
deposit insurance scheme ⓘ
proposed European Union financial mechanism ⓘ
abbreviation EDIS ⓘ
aimsTo contribute to completing the European Banking Union ⓘ
provide common protection for bank deposits in participating EU member states ⓘ
reduce the link between banks and their national sovereigns ⓘ
strengthen confidence in the European banking system ⓘ
complements Single Resolution Mechanism ⓘ
Single Supervisory Mechanism ⓘ
context aftermath of the global financial crisis and euro area sovereign debt crisis ⓘ
coverageLimitReference EU minimum deposit guarantee level of EUR 100,000 per depositor per bank ⓘ
covers eligible bank deposits up to a harmonised coverage level ⓘ
debatedBy Council of the European Union ⓘ
Eurogroup ⓘ
European Parliament ⓘ
designedAs common EU-level deposit insurance fund ⓘ
designedToWorkWith national deposit guarantee schemes ⓘ
facesOppositionFrom some EU member states concerned about risk sharing ⓘ
fullName European Deposit Insurance Scheme ⓘ
geographicalScope euro area member states ⓘ
goal break the bank-sovereign doom loop in the euro area ⓘ
intendedBeneficiary retail depositors ⓘ
small and medium-sized enterprises ⓘ
intendedToReplaceOrBackstop purely national deposit guarantee schemes in the euro area ⓘ
introducedInPolicyDebate mid-2010s ⓘ
jurisdiction European Union ⓘ
legalBasisCandidate Article 114 of the Treaty on the Functioning of the European Union ⓘ
objective create a more level playing field for banks in the Banking Union ⓘ
enhance depositor confidence irrespective of the member state of the bank ⓘ
partOf European Banking Union ⓘ
policyArea banking regulation ⓘ
deposit protection ⓘ
financial stability ⓘ
potentialParticipation non-euro EU member states that choose to join the Banking Union ⓘ
proposedBy European Commission ⓘ
relatedConcept European Banking Union ⓘ
financial integration in the euro area ⓘ
relatedTo Directive 2014/49/EU on Deposit Guarantee Schemes ⓘ
European Deposit Guarantee Schemes Directive ⓘ
riskReductionObjective limit the impact of large bank failures on national public finances ⓘ
riskSharingFeature mutualisation of deposit insurance resources across participating states ⓘ
stakeholder European Central Bank ⓘ
status not yet adopted ⓘ
under negotiation within EU institutions ⓘ
supportedBy European Central Bank in its role as banking supervisor ⓘ
targetGroup depositors in participating EU banks ⓘ
typeOf supranational safety net for bank deposits ⓘ

How these facts were elicited

Referenced by (4)

Full triples — surface form annotated when it differs from this entity's canonical label.

Single Supervisory Mechanism → relatedTo → European Deposit Insurance Scheme (proposed) ⓘ
European Deposit Insurance Scheme → fullName → European Deposit Insurance Scheme ⓘ
linked to: European Deposit Insurance Scheme (proposed)
European Banking Union → hasComponent → European Deposit Insurance Scheme ⓘ
linked to: European Deposit Insurance Scheme (proposed)
European Banking Union → depositProtectionPillarName → European Deposit Insurance Scheme ⓘ
linked to: European Deposit Insurance Scheme (proposed)