When a bank collapses, the customers' deposits are refunded by all the EU deposit guarantee schemes up to at least € 100,000. Deposit guarantee schemes thus aim to prevent panic withdrawals which jeopardise the stability of the whole financial system.
In November 2015, the EU Commission proposed a European deposit guarantee scheme (EDIS). It will replace national deposit guarantee schemes by 2024. At the start of November 2016, the Rapporteur in the European Parliament, Esther de Lange, submitted her draft report. cep sets out the key components of the draft report and assesses them.
The European Parliament's economic affairs committee on Tuesday evening rejected the draft law on bank structural reform by 30 votes to 29. According to Reuters, the lengthy vote left some committee members unsure of what had been voted through in detail. The original draft proposed separation of risky trading at a bank if volume is above a certain level. Gunnar Hoekmark, the rapporteur for the bill, told Reuters that amendments backing his push to give supervisors discretion on when separation takes place had been backed by the committee. cep expert Anne-Kathrin Baran warns if there’s no consensus
Microsoft Word - A7-2012-0303-EN.MSWORD RR\914785EN.doc PE485.888v02-00 EN United in diversity EN EUROPEAN PARLIAMENT 2009 - 2014 Plenary sitting A7-0303/2012 27.9.2012 ***I REPORT on the proposal for a regulation of the European Parliament and of the Council on markets in financial instruments and amending Regulation [EMIR] on OTC derivatives, central counterparties and trade repositories(COM(2011)0652 – C7-0359/2011 – 2011/0296(COD)) Committee on Economic and Monetary Affairs Rapporteur: Markus Ferber PE485.888v02-00 2/87 RR\914785EN.doc EN PR
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