Consultation on the review of the Directive on Deposit Guarantee Schemes

Policy field(s)
Internal Market

Target group(s)
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
Consultation document PDF

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 organisations.

Results of consultation and next steps

Last update: 06-07-2011