New European Deposit Insurance Scheme to be introduced soon

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Title: New European Deposit Insurance Scheme to be introduced soon
Author: Haajanen, Jyrki
Organization: Bank of Finland
Series: Bank of Finland. Bulletin
Series volume: 90
Series number: 2/2016
Year of publication: 2016
Publication date: 7.6.2016
Pages: 97-100
Subject (yso): talletussuoja; uudistukset
Keywords: talletussuojajärjestelmä; EDIS; talletussuojarahasto; pankkiunioni; Eurooppa
Other keywords: deposit insurance fund; banking union; deposit insurance scheme
Abstract: In November 2015, the European Commission proposed that a new European Deposit Insurance Scheme be established. The new scheme was to be launched at the beginning of 2017 and the reform include an 8-year transitional period. During this period the responsibility for pay-outs was to gradually be transferred from national level to the European Deposit Insurance Scheme by 2024.

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