These revised Guidelines aim at enhancing the proportionality between the risk of a credit institution and its contributions to the Deposit Guarantee Schemes (DGS) and at streamlining and simplifying the original Guidelines from 2015.
Final (awaiting translation into the EU official languages)
These revised Guidelines aim at enhancing the proportionality between the risk of a credit institution and its contributions to the Deposit Guarantee Schemes (DGS) and at streamlining and simplifying the original Guidelines from 2015.
The European Banking Authority (EBA) launched today a public consultation on its draft revised Guidelines on deposit guarantee schemes (DGS) contributions. The revised Guidelines aim at enhancing the proportionality between the risk of a credit institution and its contributions to the DGS and at streamlining and simplifying the original Guidelines. The consultation runs until 31 October 2022.
The Guidelines on DGS contributions harmonise the methodology for the DGS to collect contributions from credit institutions in proportion to their riskiness. In its 2021-2022 review of the Guidelines, the EBA identified that those credit institutions that have become subject to a DGS intervention since 2015 were mostly categorised amongst the riskiest members of their DGS. Thus, the EBA concluded that the methodology set out in the Guidelines remains appropriate. Nonetheless, the EBA identified elements that should be improved. The most substantial proposals included in this Consultation Paper are to:
Finally, the EBA streamlined and simplified the Guidelines significantly, to make them clearer.
Comments to this consultation can be sent to the EBA by clicking on the "send your comments" button on the consultation page. Please note that the deadline for the submission of comments is 31 October 2022. All received contributions will be published at the end of the consultation, unless requested otherwise.
A public hearing on the draft revised Guidelines will take place via online meeting on Thursday 29 September 2022 from 10:00 to 12:00 CEST. Please register for the hearing here by 27 September 2022 16:00 CEST.
Article 13(3) of Directive 2014/49/EU on deposit guarantee schemes (DGSD) mandates the EBA to issue Guidelines to specify methods for calculating the contributions to DGSs. To that end, the EBA issued Guidelines EBA/GL/2015/10 on methods for calculating contributions to deposit guarantee schemes on 22 September 2015, which had to be implemented by 31 May 2016. Furthermore, Article 13(3) of the DGSD further requires the EBA to conduct a review of said Guidelines every five years with the first review to be conducted by 3 July 2017.
Accordingly, the EBA published the EBA Report on the implementation of the EBA Guidelines on methods for calculating contributions to deposit guarantee schemes on 17 January 2018. In that report, the EBA made specific recommendations for revising the current Guidelines. It however stated that the findings were preliminary, given the limited experience of operating the risk-based contribution systems among most DGSs, and data covering only one year of risk-based contributions and thus did not revise the Guidelines at the time.
The European Banking Authority (EBA) today published its final revised Guidelines on deposit guarantee schemes (DGS) contributions. The revised Guidelines further strengthen the link between the riskiness of a credit institution and how much it needs to contribute to the DGS funds that will be used to reimburse depositors in case their bank fails.
The Guidelines harmonise the methodology for the DGS to collect contributions from credit institutions in proportion to their riskiness. Following an in-depth review of the application of the existing Guidelines over the period from 2015 to 2021, the EBA decided to revise the Guidelines, with a view to enhance the link between the riskiness of a credit institutions and its contributions to the DGS fund. The most substantial changes to the existing Guidelines include:
Finally, the EBA streamlined and simplified the wording of the Guidelines.
Article 13(3) of Directive 2014/49/EU on deposit guarantee schemes (DGSD) mandates the EBA to issue Guidelines to specify methods for calculating the contributions to DGSs. To that end, the EBA issued Guidelines EBA/GL/2015/10 on methods for calculating contributions to deposit guarantee schemes on 22 September 2015, which had to be implemented by 31 May 2016. Furthermore, Article 13(3) of the DGSD further requires the EBA to conduct a review of said Guidelines every five years. The first review was conducted in 2017, with the findings published in the form of an EBA Report, while the second review in 2022 resulted in a revision of the Guidelines as published today.
The European Banking Authority (EBA) launched today a public consultation on its draft revised Guidelines on deposit guarantee schemes (DGS) contributions. The revised Guidelines aim at enhancing the proportionality between the risk of a credit institution and its contributions to the DGS and at streamlining and simplifying the original Guidelines. The consultation runs until 31 October 2022.
The Guidelines on DGS contributions harmonise the methodology for the DGS to collect contributions from credit institutions in proportion to their riskiness. In its 2021-2022 review of the Guidelines, the EBA identified that those credit institutions that have become subject to a DGS intervention since 2015 were mostly categorised amongst the riskiest members of their DGS. Thus, the EBA concluded that the methodology set out in the Guidelines remains appropriate. Nonetheless, the EBA identified elements that should be improved. The most substantial proposals included in this Consultation Paper are to:
Finally, the EBA streamlined and simplified the Guidelines significantly, to make them clearer.
Comments to this consultation can be sent to the EBA by clicking on the "send your comments" button on the consultation page. Please note that the deadline for the submission of comments is 31 October 2022. All received contributions will be published at the end of the consultation, unless requested otherwise.
A public hearing on the draft revised Guidelines will take place via online meeting on Thursday 29 September 2022 from 10:00 to 12:00 CEST. Please register for the hearing here by 27 September 2022 16:00 CEST.
Article 13(3) of Directive 2014/49/EU on deposit guarantee schemes (DGSD) mandates the EBA to issue Guidelines to specify methods for calculating the contributions to DGSs. To that end, the EBA issued Guidelines EBA/GL/2015/10 on methods for calculating contributions to deposit guarantee schemes on 22 September 2015, which had to be implemented by 31 May 2016. Furthermore, Article 13(3) of the DGSD further requires the EBA to conduct a review of said Guidelines every five years with the first review to be conducted by 3 July 2017.
Accordingly, the EBA published the EBA Report on the implementation of the EBA Guidelines on methods for calculating contributions to deposit guarantee schemes on 17 January 2018. In that report, the EBA made specific recommendations for revising the current Guidelines. It however stated that the findings were preliminary, given the limited experience of operating the risk-based contribution systems among most DGSs, and data covering only one year of risk-based contributions and thus did not revise the Guidelines at the time.