Article 13 of the recast Deposit Guarantee Schemes Directive (DGSD) sets out a number of criteria for the calculation of contributions to deposit guarantee schemes (DGSs), and notably that:
- contributions are compulsorily based on the amount of covered deposits and the risk profile of each member institution;
- DGSs are allowed to develop and use their own calculation methods in order to tailor contributions to market circumstances and risk profiles; and
- Member States may provide for lower contributions for institutional protection scheme members and low-risk sectors regulated under national law.
To ensure consistent application of the DGSD across Member States the EBA was mandated to issue guidelines to specify methods for calculating contributions to DGSs in accordance with Article 13. These guidelines would harmonise the practices of national DGSs, increase a level playing field and contribute to greater comparability of risk-based contributions to DGSs across Member States.
The European Banking Authority has now published a consultation paper concerning the draft guidelines under the DGSD. The draft guidelines specify the objectives and principles for DGS contributions, and provide guidance on specific elements that should be taken into account in developing and assessing the methods for calculating risk-based contributions.
The deadline for comments on the consultation paper is 11 February 2015. A public hearing will take place at the EBA premises on 8 January 2015.
View EBA consults on methods for calculating contributions to Deposit Guarantee Schemes, 10 November 2014