- Question ID
-
2016_3029
- Legal act
- Directive 2014/59/EU (BRRD)
- Topic
- Resolution tools and powers
- Article
-
44
- Paragraph
-
2
- Subparagraph
-
a
- COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
- Not applicable
- Article/Paragraph
-
n.a.
- Type of submitter
-
Competent authority
- Subject matter
-
Deposits covered by third country deposit guarantee schemes
- Question
-
Are "covered deposits" as defined in Article 2(1)(94) of Directive 2014/59/EU (BRRD) only deposits covered by EEA Deposit Guarantee Schemes?
- Background on the question
-
Article 44(2)(a) of Directive 2014/59/EU (BRRD) does not seem to permit to exclude any amount of deposits covered by third country deposit guarantee schemes, as "covered deposits" is defined in Article 2(1)(94) as "deposits as defined in point (5) of Article 2(1) of Directive 2014/49/EU [DGSD]". This only includes deposits covered by EEA Deposit Guarantee Schemes and cannot be extended to include third country deposits, because the third country resolution regime would not contribute to the resolution.
- Submission date
- Rejected publishing date
-
- Rationale for rejection
-
Please note that as part of adjustments to the Single Rulebook Q&A process, agreed by the EBA and the European Commission, it has been decided to reject outstanding questions submitted before 1 January 2020, when the Q&A process was updated as part of the last ESAs Review. In particular, the question that you have submitted has now regrettably been rejected and will not be addressed.
If you believe your question would still benefit from clarification, you are invited to resubmit your question, adapting it to reflect any legislative, regulatory or other relevant developments that may have occurred since the initial date of submission. The EBA will aim to address resubmitted questions as a matter of priority. When considering to resubmit, you are kindly requested to observe the updated admissibility criteria agreed in the context of the adjustment of the Q&A process, available in the Additional background and guidance for asking questions. We hope for your understanding.
For further information please refer to the press release and the updated Q&A page.
- Status
-
Rejected question