The European Parliament has published a press release announcing, that it has approved the proposed Directive recasting the Deposit Guarantee Schemes Directive (recast DGSD). The recast DGSD was approved without a vote.

Additionally, the European Commission has published a press release, together with a memo on the European banking union and FAQs on the recast DGSD.

View Parliament lifts bank bailout burden from taxpayers’ shoulders, 15 April 2014

View Finalising the Banking Union: European Parliament backs Commission’s proposals (Single Resolution Mechanism, Bank Recovery and Resolution Directive, and Deposit Guarantee Schemes Directive), 15 April 2014

View Banking union: restoring financial stability in the Eurozone, 15 April 2014

View Deposit guarantee schemes – frequently asked questions, 15 April 2014