Article 108

Bank Recovery and Resolution Directive (BRRD) > TITLE VII > Article 108
Article 108
Ranking of deposits in insolvency hierarchy
Main content: 
Member States shall ensure that in national law governing normal insolvency proceedings:
(i) that part of eligible deposits from natural persons and micro, small and medium-sized enterprises which exceeds the coverage level provided for in Article 6 of Directive 2014/49/EU;
(b) the following have the same priority ranking which is higher than the ranking provided for under point (a):
(i) covered deposits;
(ii) deposit guarantee schemes subrogating to the rights and obligations of covered depositors in insolvency.