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Deposit Guarantee Schemes

Deposit Guarantee Schemes reimburse a limited amount of deposits to depositors whose bank has failed. From the depositors’ point of view, this protects a part of their wealth from bank failures. From a financial stability perspective, this promise prevents depositors from making panic withdrawals from their bank, thereby preventing severe economic consequences.

Review of Directive 94/19/EC


The European Parliament adopted the Commission’s proposal for a revision of the Directive 94/19/EC on Deposit Guarantee schemes.

On 12 June 2014 the new Directive was published in the Official Journal of the European Union.


On 12 July 2010, the Commission adopted a legislative proposal for a thorough revision of the Directive 94/19/EC on Deposit Guarantee Schemes. It mainly deals with a harmonisation and simplification of protected deposits, a faster payout, and an improved financing of schemes. These proposed amendments follow urgent legislative changes that the Commission proposed in 2008 and that entered into force early 2009. The proposal is accompanied by a report.

Amendment of the Directive on Deposit Guarantee Schemes – 15.10.2008

On 15 October 2008 the European Commission has proposed a revision to EU rules on deposit guarantee schemes that puts into action the commitments made by EU Finance Ministers on 7 October 2008. The new rules were designed to improve depositor protection and to maintain the confidence of depositors in the financial safety net.

The European Parliament adopted amendments to the Commission proposal in its plenary meeting (first reading) of 18 December 2008.

The Council adopted these amendments on 26 February 2009.

Final text

Other documents

JRC Report under Article 12 of Directive 94/19/EEC (2011)

In its interim version, this report served as a basis for the impact assessment and the legislative review. Beyond this, its final text sheds light on almost every aspect of Deposit Guarantee Schemes in the EU.

Report on possible models for risk-based contributions to EU Deposit Guarantee Schemes (2009)

On the basis of the previous report describing risk-based models applied across Member States, the new report assesses possible criteria for determining such contributions. This report from the Joint Research Centre complements the public consultation that has also addressed this issue. Both the report and the contributions to the consultation will be taken into account for the current review of the Directive on Deposit guarantee Schemes.

Deposit Guarantee Schemes: Public consultation (2009)

This consultation intended to gather contributions from the public for the review of the Directive on Deposit Guarantee Schemes.

Informal Experts Roundtable on Deposit Guarantee Schemes (2009)

On 31 March 2009 the Commission services invited experts in the field of Deposit Guarantee Schemes to discuss some aspects of the Commission’s review. The minutes of this meeting are available here:

Report “Risk-based contributions in EU Deposit Guarantee Schemes” (2008)

One of the self-regulatory issues identified by the European Commission Communication on Deposit Guarantee Schemes (DGS), published in November 2006, is the voluntary introduction of risk-based contributions in EU DGS. With the objective of developing potential models for adjusting DGS contributions, the Commission’s Joint Research Centre has been requested to investigate current practices across EU Member States.

Report “Investigating the Efficiency of EU Deposit Guarantee Schemes” (2008)

To support the review of Directive 94/19/EEC on Deposit Guarantee Schemes (DGS), the Commission’s Joint Research Centre has been requested to investigate how efficiently EU DGS might be able to deal with bank failures of different magnitudes.

Scenario Analysis: Estimating the effects of changing the funding mechanisms of EU Deposit Guarantee Schemes (2007)

In support of the review of Directive 94/19/EEC on Deposit Guarantee Schemes, the Commission’s Joint Research Centre has been requested to investigate the cost implications associated with the possible harmonization of Deposit Guarantee Schemes’ funding mechanisms.

Communication on deposit guarantee schemes (2006)

On 28 November 2006 the European Commission adopted a Communication setting out its approach to modernising current EU legislation on deposit guarantee schemes.

  • The press release
  • Communication of the Commissionpdf Choose translations of the previous link 

    Please note that the table in Annex III of the Communication contains three erroneous figures concerning Austria and Luxemburg. The table should read as follows:

     Low coverage, low risk adjusted fundLow coverage, medium risk adjusted fundLow coverage, high risk adjusted fund


    512 640 000

    683 520 000

    854 390 000


    16 700 000

    22 300 000

    27 880 000


    268 580 000

    358 110 000

    447 640 000


    90 820 000

    121 100 000

    151 370 000


    8 620 000

    11 500 000

    14 370 000


    1 703 930 000

    2 271 910 000

    2 839 880 000


    2 601 290 000

    3 468 440 000

    4 335 530 000

Report on minimum guarantee level of Deposit Guarantee Schemes Directive 94/19/EC

In accordance with Article 7(5) of the Deposit Guarantee Schemes Directive (94/19/EC), the Commission has been reviewing the € 20.000 minimum guarantee threshold with a view to assessing whether any changes to the guarantee level might be necessary.