Strengthening EU Deposit Protection

by name voted on 24.04.2024

Summary

The proposal aims to strengthen European deposit protection by expanding coverage, harmonizing rules for crisis management, and improving transparency.

10 24.04.2024

Report

finance

economy

social policy

public administration

business and competition

Key points

Expansion of deposit protection to include non-professional public authorities such as schools and hospitals.
Harmonization of temporary high balance protections, specifically for real estate transactions, with a minimum coverage of 500,000 euros up to a maximum of 2.5 million euros for six months.
Standardization of repayment timelines, aiming for funds to be available within seven working days.
Requirement to use credit transfers as the default payout method for reimbursements exceeding 10,000 euros to ensure traceability.

Vote

PPE

S&D

Renew

PfE

Verts/ALE

ECR

The Left

NI

ESN

Total

Speeches

19 Speeches in total

Pro

Contra

1:33 min

15. Deposit protection and early intervention measures (joint debate)

Sabine VERHEYEN

Sabine VERHEYEN

PPE

0:57 min

15. Deposit protection and early intervention measures (joint debate)

Documents (PDFs)

DRAFT RECOMMENDATION FOR SECOND READING on the Council position at first reading with a view to the adoption of a directive of the European Parliament and of the Council amending Directive 2014/49/EU as regards the scope of deposit protection, use of deposit guarantee schemes funds, cross-border cooperation, and transparency RECOMMENDATION FOR SECOND READING on the Council position at first reading with a view to the adoption of a directive of the European Parliament and of the Council amending Directive 2014/49/EU as regards the scope of deposit protection, use of deposit guarantee schemes funds, cross-border cooperation, and transparency PROVISIONAL AGREEMENT RESULTING FROM INTERINSTITUTIONAL NEGOTIATIONS Proposal for a directive of the European Parliament and of the Council amending Directive 2014/49/EU as regards the scope of deposit protection, use of deposit guarantee schemes funds, cross-border cooperation, and transparency DRAFT REPORT on the proposal for a directive of the European Parliament and of the Council amending Directive 2014/49/EU as regards the scope of deposit protection, use of deposit guarantee schemes funds, cross-border cooperation, and transparency REPORT on the proposal for a directive of the European Parliament and of the Council amending Directive 2014/49/EU as regards the scope of deposit protection, use of deposit guarantee schemes funds, cross-border cooperation, and transparency Scope of deposit protection, use of deposit guarantee schemes funds, cross-border cooperation, and transparency (DGSD2) Scope of deposit protection, use of deposit guarantee schemes funds, cross-border cooperation, and transparency (DGSD2)

These raw data are provided by the Open Data Portal of the European Union (data.europa.eu) and are licensed under ODC-BY 1.0.