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12 The European Deposit Guarantee Directive: A Domestic Perspective

Mathias Hanten

From: Bank Resolution: The European Regime

Edited By: Jens-Hinrich Binder, Dalvinder Singh

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2015. All Rights Reserved.date: 23 September 2020

Subject(s):
Deposit insurance schemes — Deposit protection schemes — Recovery and Resolution Plan (RRP) — Special Resolution Regime (SSR) — Regulation of banks — Credit — Shareholder — European Banking Authority (EBA)

This chapter analyses the German Deposit Protection landscape and provides three short case studies which reveals how deposit protection is structured. It also assesses the impact of the Deposit Protection Directive (DPD 3) and the Bank Recovery and Resolution Directive (BRRD) on this landscape. DPD 3 aims to enable the institutions to bear the risk of depositor compensation and to avoid state aid. On this basis the Directive specifies that all Deposit Guarantee Schemes (DGS) must be financed ex ante. On the other hand, the BRRD, through the Restructuring and Resolution Act, gives the resolution authority the power to bail-in a bank’s shareholders and creditors in the event of resolution.

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