Article 108

Path:
Bank Recovery and Resolution Directive (BRRD) > TITLE VII > Article 108
Title:
Article 108
Description: 
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.