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Article 6 requires that the "coverage level" is €100,000 "in the event of deposits being unavailable". It also requires greater coverage for 3 months to 12 months for residential transactions, social purposes or insurance and compensation money. This directive updates the previous directive 94/19/EC of 30 May 1994 on deposit-guarantee schemes ...
Directive 94/19/EC of the European Parliament and of the Council of 30 May 1994 on deposit-guarantee schemes [11] requires all member states to have a deposit guarantee scheme for at least 90% of the deposited amount, up to at least 20,000 euros per person.
Following the collapse of Landsbanki in October 2008, the governments of the UK and Netherlands guaranteed for the deposits in Landsbanki's foreign branches. According to the Directive on deposit-guarantee schemes (94/19/EC) [2] as implemented in Icelandic law (Act No. 98/1999), Iceland's deposit-guarantee schemes must cover up to €20,000 of deposits per person made in Landsbanki's foreign ...
Deposit Guarantee Scheme Directive (DGSD; Directive 2014/49/EU of 16 April 2014), which regulates deposit insurance in case of a bank's inability to pay its debts. [ 29 ] [ 30 ] Bank Recovery and Resolution Directive (BRRD; Directive 2014/59/EU of 15 May 2014), which establishes a framework for the recovery and resolution of credit institutions ...
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The Depositors' and Investors' Guarantee Fund (Icelandic: Tryggingarsjóður innstæðueigenda og fjárfesta) is the statutory deposit insurance scheme in Iceland.It is established under Act No. 98/1999 on Deposit Guarantees and Investor-Compensation Scheme, [1] which transposes European Union directives 94/19/EC [2] and 97/9/EC [3] into Icelandic law, in accordance with the decisions of the ...
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In 2008 the FSCS was given a loan by the Bank of England in order to be able to guarantee the deposits of customers of Bradford & Bingley. [5] The compensation limits were last revised in 2010 to bring them into line with the EU (and EEA) deposit guarantee requirements under the European Union directive 94/19/E. [6]