Proposal for a Regulation amending Regulation (EU) 806/2014 in order to establish a European Deposit Insurance Scheme

Author (Corporate)
Series Details COM (2015) 586
Publication Date 24/11/2015
Content Type


Legislative initiative presented by the European Commission in November 2015, which aims at the establishment of a European Deposit Insurance Scheme (EDIS).

Further information:

This initiative is put forward in the context of the creation of a Banking Union, which would shift supervision to the European level by establishing an intergrated framework for bank crisis management and a common system for deposit protection. Setting up a Eurozone-wide integrated deposit insurance scheme would cover the latter element, and also contribute to the deepening of the Economic and Monetary Union (EMU) as prioritised by the Five Presidents' Report. This proposal was adopted as part of a broader package of measures outlined in a Communication on completing the banking union adopted in parallel.

The legislative proposal envisages the establishment of a European Deposit Insurance Scheme (EDIS) as the third pillar of Banking Union in three successive stages: a reinsurance scheme for participating national Deposit Guarantee Scheme (DGS) in a first period of three years, a co-insurance scheme for participating national DGSs in a second period of four years, and full insurance for participating national DGSs in the steady state.

The proposal was adopted by the European Commission on 24 November 2015. The co-legislators carried out a series of discussions on this proposal but soon became visible the difficulties in adopting their respective negotiating positions. In October 2017, the Commission published an additional Communication which included a timeline aimed at facilitating progress on this file. The need for a European deposit insurance scheme continued to be noted on different occasions thereafter, but without formal progress on the draft law.

Source Link
Related Links
Commentary and Analysis
Open Europe: Blog, 24/11/2015: European Commission plan for common deposit insurance – dead on arrival?
EPRS: Briefing, March 2016: European Deposit Insurance Scheme: Completing the Banking Union
CEP: Policy Brief, No. 5/2016: European Deposit Guarantee Scheme (Regulation)
LSE: EUROPP Blog, 26/06/2016: Tackling non-performing loans in the euro area
Epicenter: Blog, 10/08/2017: The big European Deposit Insurance Scheme dilemma
Bruegel: Blog, 05/03/2018: Breaking the Stalemate on European Deposit Insurance
VoxEU: Columns, 17/04/2018: Building a stable European Deposit Insurance Scheme
BlogActiv, 25/10/2018: The Difficult Construction of a European Deposit Insurance Scheme: A step too far in Banking Union?

EurActiv: Topics: European Deposit Insurance Scheme
Politico: Topic: European Deposit Insurance Scheme
Politico, 23/11/2015: Brussels launches new push for Europe deposit guarantees
EurActiv, 24/11/2015: Commission aims at having full European deposit insurance scheme by 2024
Deutsche Welle, 24/11/2015: Brussels wants EU-wide deposit insurance
EurActiv, 02/11/2016: MEPs seek to water down EU bank deposit guarantee plan
Reuters, 12/03/2018: Euro zone without breakthrough on deposit guarantee despite ECB call
Reuters, 26/06/2018: EU leaders to boost bailout fund role, but duck talks on deposit insurance
EurActiv, 10/07/2018: Germany poses ‘real problem’ when protecting bank savers with European guarantee, says official
Reuters, 04/09/2018: Euro central bankers renew call for common deposit insurance
Reuters, 04/12/2018: EU delays euro zone budget, deposit insurance plans
Reuters, 28/03/2019: EU deposit insurance debate could be linked to bank sovereign exposure - official
Euronews, 28/03/2019: IMF's Lagarde urges euro zone to agree deposit insurance scheme
EurActiv, 29/03/2019: Lagarde urges European leaders to agree on common guarantee for savings
Reuters, 05/11/2019: German minister's bid to kickstart EU reform gets cool welcome
Deutsche Welle, 06/11/2019: Germany's Scholz seeks compromise on EU banking plan
EurActiv, 07/11/2019: Scholz’s proposal to complete EU banking union greeted with cautious optimism
EurActiv, 08/11/2019: German plan brings ‘new impetus’ to banking union, Eurogroup says

European Parliament: Legislative Observatory: European deposit insurance scheme (EDIS)
EP: Legislative Train: European Deposit Insurance Scheme (EDIS)
European Commission: European deposit insurance scheme
European Commission: Press Release, 24/11/2015: A stronger Banking Union: New measures to reinforce deposit protection and further reduce banking risks
European Commission: Fact Sheet, 24/11/2015: A European Deposit Insurance Scheme (EDIS) – Frequently Asked Questions
European Parliament: Headlines, 10/03/2016: Banking union: 'We need a single deposit guarantee scheme'

Subject Categories
Subject Tags , ,
Keywords ,
International Organisations