Improving Deposit Protection For Citizens In The European Union
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Improving Deposit Protection For Citizens In The European Union
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Author :
language : en
Publisher:
Release Date : 2020
Improving Deposit Protection For Citizens In The European Union written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with categories.
Deposit protection applies to deposits across the European Union. It is the safety guarantee to citizens that they will get back their money in case their bank fails. The protection guarantees bank deposits up to €100,000 (or equivalent amount in the local currency) are safe, and will be repaid to the depositor. Besides protecting depositors, it contributes to financial stability by significantly lowering the risk of runs on banks.
The Role For Deposit Insurance Funds In Dealing With Failing Banks In The European Union
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Author : Mr. Atilla Arda
language : en
Publisher: International Monetary Fund
Release Date : 2022-01-07
The Role For Deposit Insurance Funds In Dealing With Failing Banks In The European Union written by Mr. Atilla Arda and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-01-07 with Business & Economics categories.
This paper argues that in the European Union (EU) deposit insurance funds are too difficult to use in bank resolution and too easy to use outside resolution. The paper proposes reforms in three areas for the effective management of bank failures of small and medium-sized banks in the European Union: making resolution the norm for dealing with failing banks; establishing a common DIS for the European Union; and increasing funding and backstops for deposit insurance while removing constraints on their use for resolution measures. Without these changes, the European Union will continue to be challenged by banks that are too small for resolution and too large for liquidation.
Regaining Citizens Trust Safeguarding Banks Stability
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Author :
language : en
Publisher:
Release Date : 2015
Regaining Citizens Trust Safeguarding Banks Stability written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.
As stated in the Five Presidents' Report, completing the Banking Union is a fundamental step towards making the Economic and Monetary Union (EMU) more sustainable and enabling it to deliver a better life for EU citizens. The overarching goal of the Banking Union is to break the link between a Member State's banks and its taxpayers, preventing a situation in which a failing banking sector endangers the sustainability of public debt or where the unsustainability of public debt endangers an otherwise solvent banking sector. The Banking Union was devised to tackle the former aspect of this link. The current Banking Union setup, however, retains a substantial weakness: making sure citizens' deposits in banks are safe was a key element of crisis management - and overall a successful one - but as long as these Deposit Guarantee Schemes (DGSs) remain national, Member States' budgets continue to be exposed to risks in their banking sectors. A common deposit insurance scheme, on the other hand, would increase resilience against future crises. Consequently, the Five Presidents' Report proposed setting up a European Deposit Insurance Scheme (EDIS) as the third pillar of a fully-fledged Banking Union, alongside bank supervision and resolution.
Deposit Insurance Around The World
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Author : Aslı Demirgüç-Kunt
language : en
Publisher: MIT Press
Release Date : 2008
Deposit Insurance Around The World written by Aslı Demirgüç-Kunt and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Business & Economics categories.
Explicit deposit insurance (DI) is widely held to be a crucial element of modern financial safety nets. This book draws on an original cross-country dataset on DI systems and design features to examine the impact of DI on banking behavior and assess the policy complications that emerge in developing countries.
Design Structure And Implementation Of A Modern Deposit Insurance Scheme
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Author : Beat Bernet
language : en
Publisher:
Release Date : 2009
Design Structure And Implementation Of A Modern Deposit Insurance Scheme written by Beat Bernet and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.
The Need For Special Resolution Regimes For Financial Institutions The Case Of The European Union
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Author : Mr.Martin Cihak
language : en
Publisher: International Monetary Fund
Release Date : 2009-09-01
The Need For Special Resolution Regimes For Financial Institutions The Case Of The European Union written by Mr.Martin Cihak and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-09-01 with Business & Economics categories.
The global financial crisis has demonstrated weaknesses in resolution regimes for financial institutions around the globe, including in the European Union (EU). This paper considers the principles underlying resolution regimes for financial institutions, and draws out how a well-designed resolution regime can expand the toolset available for crisis management. Introducing, or in some cases expanding the scope, of these regimes is pressing to achieve more effective responses to ongoing financial sector weaknesses across the EU.
Does Deposit Insurance Increase Banking System Stability
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Author : Asl? Demirgüç-Kunt
language : en
Publisher: World Bank Publications
Release Date : 1999
Does Deposit Insurance Increase Banking System Stability written by Asl? Demirgüç-Kunt and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Asset Portfolio categories.
"Explicit deposit insurance tends to be detrimental to bank stability-- the more so where bank interest rates are deregulated and the institutional environment is weak"--Cover.
The Eu Better Regulation Agenda
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Author : Sacha Garben
language : en
Publisher: Bloomsbury Publishing
Release Date : 2018-05-17
The Eu Better Regulation Agenda written by Sacha Garben and has been published by Bloomsbury Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-05-17 with Law categories.
Better Regulation in the EU is a perennial and topical question which has important implications for the future direction of EU law. While actions directed at improving the quality and accessibility of EU regulation are not novel, in recent years the Better Regulation Agenda has significantly affected the structural organisation and day-to-day operation of the EU legislative process. Yet, many questions about the future of the Agenda remain, not least in light of Brexit. Exploring the Better Regulation Agenda (and its relation to the overall EU legal and political order) necessitates an integrated, interdisciplinary approach. This edited volume presents insights from economics, political science and legal scholarship. Furthermore, to allow full understanding, it examines institutional practice, where the Agenda is made and shaped on a daily basis. Hence, the book features contributions from the perspective of the work of the main EU institutions: the European Commission, the Parliament, the Council and the Court of Justice. This results in a seminal overview of the subject, of interest to scholars and practitioners alike.
Deposit Insurance
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Author : Ms.G. G. Garcia
language : en
Publisher: International Monetary Fund
Release Date : 1996-08-01
Deposit Insurance written by Ms.G. G. Garcia and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996-08-01 with Business & Economics categories.
The paper contrasts deposit protection with other forms of insurance, examines why goods and services of all kinds receive warranties and guarantees, and explores the particular characteristics of deposits and banks that merit deposit insurance. It examines a variety of reasons why countries choose to adopt systems of deposit insurance, the pitfalls that can arise from poorly designed schemes, and the features of a scheme that successfully avoids these pitfalls.
Powering The Digital Economy Opportunities And Risks Of Artificial Intelligence In Finance
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Author : El Bachir Boukherouaa
language : en
Publisher: International Monetary Fund
Release Date : 2021-10-22
Powering The Digital Economy Opportunities And Risks Of Artificial Intelligence In Finance written by El Bachir Boukherouaa and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-10-22 with Business & Economics categories.
This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.
