Skip to main content
Fachgebiete
Automobil + Motoren Bauwesen + Immobilien Business IT + Informatik Elektrotechnik + Elektronik Energie + Nachhaltigkeit Finance + Banking Management + Führung Marketing + Vertrieb Maschinenbau + Werkstoffe Versicherung + Risiko
DE
EN
Themenseiten
Organisationspsychologie Projektmanagement Marketing Smart Manufacturing
Bücher
Zeitschriften
Weitere Formate
Podcasts Webinare Technik Webinare Wirtschaft Kongresse Veranstaltungskalender Awards
Jetzt Einzelzugang starten
Zugang für Unternehmen
Referenzkunden
ATZ-Fachkongress

Chassis.tech plus 2024


4 Kongresse in einer Veranstaltung

Treffen Sie in München die Fachleute von Chassis, Lenkung, Bremsen sowie Reifen/Räder.
Erweiterte Suche
Anmelden
nach oben
Erschienen in:
Introduction Kapitel lesen Erstes Kapitel lesen

2016 | OriginalPaper | Buchkapitel

6. The Missing Pillar: A European Deposit Insurance

verfasst von : Angelo Baglioni

Erschienen in: The European Banking Union

Verlag: Palgrave Macmillan UK

Einloggen

Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.

search-config
loading …

Abstract

The European Deposit Guarantee Scheme (EDGS) is the missing pillar of the banking union. The 2014 Directive has introduced several innovations that are described in this chapter. Among them, the most relevant is the requirement that the deposit guarantee schemes (DGS) should be funded ex ante by raising risk-based insurance premiums. However, that Directive is still aimed at harmonizing the national guarantee schemes, rather than pointing to some integration among them. Looking forward, the best way to proceed is not by creating a new European institution, responsible for deposit insurance, but rather by expanding the scope of the SRM, thus going toward an integrated resolution and deposit insurance agency.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 102.000 Bücher
  • über 537 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 340 Zeitschriften

aus folgenden Fachgebieten:

  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Versicherung + Risiko




Jetzt Wissensvorsprung sichern!

Jetzt informieren
Vorheriges Kapitel The Single Resolution Mechanism
Nächstes Kapitel Summary and Conclusions
Fußnoten
1
See Directive 94/19/EC.
 
2
See Deutsche Bank (2014) for information about the coverage levels and other institutional features of deposit protection schemes in Europe.
 
3
See Directive 2009/14/EC.
 
4
See Directive 2014/49/EU.
 
5
Another institution playing the same stabilization role is the central bank, which provides liquidity as the lender of last resort to illiquid banks. For a comprehensive review of the theoretical literature addressing the financial instability of banks and their prudential regulation, see Freixas and Rochet (2008).
 
6
Very interesting analyses of the instability of wholesale securities markets are provided by: Brunnermeier and Pedersen (2009), Adrian and Shin (2010), Duffie (2010).
 
7
See European Commission (2010) for a survey, showing the heterogeneous features of the DGSs across the EU member states.
 
8
See Baglioni and Marotta (1993) for a review of this literature.
 
9
Some risk indicators (CET1 ratio, leverage ratio, LCR and NSFR) are taken from the Basel III regulatory framework. For further details, see EBA (2015a).
 
10
See EBA (2015b) for details.
 
11
Bilateral agreements remain an available option to DGSs, along with the multilateral framework. See EBA (2015c).
 
12
The same Directive seems to acknowledge this point in art. 10(6), allowing a member state to reduce the target level for the financial means of a DGS, under the condition that those means are more likely to be used within a resolution procedure than for paying out depositors (see Sect. 6.1.3).
 
13
See Colaert (2015), Gros and Schoenmaker (2014), Allen et al. (2011).
 
14
See European Commission (2015). A two-tier system, relying on national DGSs and on a European reinsurance scheme, has been previously suggested by Pisani-Ferry et al. (2012).
 
15
Unfortunately, the above-mentioned “Five Presidents’ Report” does not even mention those two issues, despite the support it provides to the view that an EDGS should be introduced as matter of priority into the agenda of the European policymakers.
 
Literatur
Adrian, T., and H.D. Shin. 2010. Liquidity and leverage. Journal Financial Intermediation 19: 418–437.CrossRef
Allen, F., T. Beck, E. Carletti, P. Lane, D. Schoenmaker, and W. Wagner. 2011. Cross-border banking in Europe: Implications for financial stability and macroeconomic policies. London: CEPR Report.
Baglioni, A., and G. Marotta. 1993. Deposit insurance: Implications from financial intermediation theory. In Financial markets’ liberalisation and the role of banks, ed. V. Conti and R. Hamaui. Cambridge, UK: Cambridge University Press.
Brunnermeier, M., and L. Pedersen. 2009. Market liquidity and funding liquidity. Review of Financial Studies 22(6): 2201–2238.CrossRef
Colaert, V. 2015. Deposit guarantee schemes in Europe: Is the banking union in need of a third pillar? European Company and Financial Law Review 2015(2).
Deutsche Bank. 2014. Deposit guarantee reform in Europe: A systemic perspective. Frankfurt: DB Research.
Duffie, D. 2010. How big banks fail and what to do about it. Princeton, NJ: Princeton University Press.CrossRef
EBA. 2015a. Guidelines on methods for calculating contributions to deposit guarantee schemes, London, May.
EBA. 2015b. Guidelines on payment commitments under Directive 2014/49/EU on deposit guarantee schemes, London, May.
EBA. 2015c. Draft guidelines on cooperation agreements between deposit guarantee schemes under Directive 2014/49/EU (Consultation Paper), London, July.
European Commission. 2010. JRC Report under Article 12 of Directive 94/19/EC as amended by Directive 2009/14/EC. Joint Research Centre, Ispra, Italy.
European Commission. 2015. Completing Europe’s Economic and Monetary Union, Brussels, June.
Freixas, X., and J.-C. Rochet. 2008. Microeconomics of banking. Cambridge, MA: MIT Press.
Gros, D., and D. Schoenmaker. 2014. European deposit insurance and resolution in banking union. Journal of Common Market Studies 52(3): 529–546.CrossRef
Pisani-Ferry, J., A. Sapir, N. Véron, and G. Wolff. 2012. What kind of European Banking Union? Bruegel Policy Contribution, Issue 2012/12.
Metadaten
Titel
The Missing Pillar: A European Deposit Insurance
verfasst von
Angelo Baglioni
Copyright-Jahr
2016
Buch
The European Banking Union

Print ISBN: 978-1-137-56313-2

Electronic ISBN: 978-1-137-56314-9

Copyright-Jahr: 2016

DOI
https://doi.org/10.1057/978-1-137-56314-9_6