|Consultation on the review of the Directive on Deposit Guarantee Schemes|
|All citizens and organisations were welcome to
contribute to this consultation. Contributions were particularly
sought from citizens, consumer associations, banks, banking
associations, public authorities, and Deposit Guarantee Schemes.|
|Period of consultation|
|The consultation is closed.
|Objective of the consultation|
|This consultation intends to gather contributions from the public for the review of the Directive on Deposit Guarantee Schemes (DGS).
DGS 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, hereby preventing severe economic consequences.
In order to ensure greater effectiveness of the Deposit-Guarantee Schemes Directive and to respond adequately to any deficiencies or risks that may have arisen as evidenced in the current financial crisis, the Commission has to submit a report and if appropriate, legislative proposals by the end of 2009.
|View the consultation document / questionnaire|
|Number of responses received to this consultation|
|View the contributions|
|In the interests of transparency, organisations have been
invited to provide the public with relevant information about
themselves by registering in the Interest Representative Register and
subscribing to its Code of Conduct. If the organisation is not
registered, the submission is published separately from the registered
|Results of consultation and next steps|