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The Non-Required by Law Measures by Deposit Guarantee Schemes to Protect Bank Accounts: The Case of Italian FITD

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  • Massimiliano Celli

Abstract

This article aims at giving a contribution to the issue of protecting bank accounts and deposits by national deposit guarantee schemes through financial assistance interventions of an optional and voluntary nature, instead of the reimbursement of only legally protected deposits in case of bankruptcy of the depository bank. Firstly, we investigate the EU framework for bank crisis resolutions. Specifically, we briefly analyze the EU rules on both prevention and resolution of banking crises pointing out the economic rationale behind the “bail-in” principle, and then identify the characteristics of the third “pillar” of the Banking Union, the EU Deposit Guarantee Schemes. Subsequently, we examine the operating procedures of the Italian Guarantee Scheme (FITD) focusing on the non-required by law interventions carried out by the latter to protect bank accounts and deposits and at the same time prevent or resolve the crises of Italian banks. Finally, some conclusions on the topic at stake will be drawn.

Suggested Citation

  • Massimiliano Celli, 2023. "The Non-Required by Law Measures by Deposit Guarantee Schemes to Protect Bank Accounts: The Case of Italian FITD," International Journal of Business and Management, Canadian Center of Science and Education, vol. 17(8), pages 1-25, February.
    • Handle: RePEc:ibn:ijbmjn:v:17:y:2023:i:8:p:25
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    References listed on IDEAS

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    1. Giuseppe Boccuzzi, 2016. "The Third Pillar of the Banking Union: The Pan-European Deposit Guarantee Scheme," Palgrave Macmillan Studies in Banking and Financial Institutions, in: The European Banking Union, chapter 5, pages 130-153, Palgrave Macmillan.
    2. Marcello Minenna & Dario Aversa, 2019. "A Revised European Stability Mechanism to Realize Risk Sharing on Public Debts at Market Conditions and Realign Economic Cycles in the Euro Area," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 48(1), February.
    3. McCauley, Robert N. & Bénétrix, Agustín S. & McGuire, Patrick M. & von Peter, Goetz, 2019. "Financial deglobalisation in banking?," Journal of International Money and Finance, Elsevier, vol. 94(C), pages 116-131.
    4. Giuseppe Boccuzzi, 2016. "The European Banking Union," Palgrave Macmillan Studies in Banking and Financial Institutions, Palgrave Macmillan, number 978-1-137-55565-6, June.
    5. Francesca Arnaboldi, 2014. "Deposit Guarantee Schemes: A European Perspective," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-137-39087-5, April.
    6. Kamila Tomczak, 2017. "The Impact of the 2007-2008 Financial Crisis on the Banking Systems in Advanced European Countries," Applied Economics Quarterly (formerly: Konjunkturpolitik), Duncker & Humblot GmbH, Berlin, vol. 63(2), pages 161-176.
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    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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