The EBA has published the Opinion on the implementation of the Deposit Guarantee Schemes Directive (DGSD) that it is mandated to submit under article 19(6) of DGSD.
The proposals set out in the Opinion include:
- a recommendation for enhanced clarity on how the ‘see-through’ approach applies to deposits placed with credit institutions by account holders who are excluded from eligibility under relevant deposit guarantee schemes (for example electronic money customer),
- a modification of the administrative cost threshold to allow depositors to be repaid upon request irrespective of the amount of funds in their account and the dormancy of the account, and
- amendments to the information sheet that is provided to customers.
The Opinion is the first of three on the DGSD to be delivered by EBA in 2019.