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The deposit insurance system in the European Union
[System gwarantowania depozytow w Unii Europejskiej]

Author

Listed:
  • Agnieszka Sokolowska

    (Pedagogical University of Krakow, Poland)

Abstract

Motivation: There is a lot of information on the banking union in the literature on the subject. However, there is no indication of the features of the European deposit guarantee scheme, taking into account changes after 2017. Aim: The aim of the article is to present the problem of the deposit guarantee system in the European Union, taking into account the deposit guarantee systems in the Member States. Its assumptions and stages of introduction were described. The new reform, which was caused by the lack of timely implementation of the original assumptions of individual stages and its changes were also discussed. Moreover, basic information about the Bank Guarantee Fund (BGF) was also included. Materials and methods: Critical analysis of the literature on the subject was chosen as the research method and statistical data were used. The empirical material is the BGF data and data included in publications. Results: The European deposit guarantee system seems to be necessary in order to build a full banking union and lead to greater integration of the euro area countries. The creation of a European deposit insurance scheme will strengthen the protection of depositors, as responsibility will henceforth be transferred to the European level.

Suggested Citation

  • Agnieszka Sokolowska, 2020. "The deposit insurance system in the European Union [System gwarantowania depozytow w Unii Europejskiej]," Catallaxy, Institute of Economic Research, vol. 5(2), pages 97-105, December.
    • Handle: RePEc:pes:iercxy:v:5:y:2020:i:2:p:97-105
    DOI: 10.24136/cxy.2020.009
    as

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    References listed on IDEAS

    as
    1. Djurdjica Ognjenovic, 2017. "Deposit Insurance Schemes," Palgrave Macmillan Studies in Banking and Financial Institutions, Palgrave Macmillan, number 978-3-319-51143-6, December.
    2. Giuseppe Boccuzzi, 2016. "The European Banking Union," Palgrave Macmillan Studies in Banking and Financial Institutions, Palgrave Macmillan, number 978-1-137-55565-6, December.
    3. Djurdjica Ognjenovic, 2017. "Funding Deposit Insurance Schemes in the European Union," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Deposit Insurance Schemes, chapter 7, pages 259-303, Palgrave Macmillan.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    European deposit insurance scheme; Bank Guarantee Fund; banking union;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • G29 - Financial Economics - - Financial Institutions and Services - - - Other
    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation

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