Share the article
twitter-iconcopy-link-iconprint-icon
share-icon

Banking groups call for caution as EU advances on common deposit insurance scheme

The scheme, first proposed in 2015, has long been stalled because of concerns from some states about sharing risk
Share the article
twitter-iconcopy-link-iconprint-icon
share-icon
Banking groups call for caution as EU advances on common deposit insurance schemeImage: Reuters/Yves Herman

Banking industry groups have asked for caution after the Committee on Economic and Monetary Affairs of the European parliament adopted yesterday a proposal to create the first stage of the European Deposit Insurance Scheme.

The scheme, one of the missing elements to complete the European banking union, aims to help break the vicious circle of bank and sovereign risk, decoupling deposit insurance from the solvency of any single country.

To continue reading, join our community and benefit from

  • In-depth coverage across key markets
  • Comments from financial leaders and policymakers worldwide
  • Regional/country bank rankings and awards
Activate your free trial
Barbara Pianese is the Latin America editor at The Banker. She joined from Mergermarket, where she spent four years covering mergers and acquisitions across Europe with a focus on the consumer sector. She holds an MA in International and Diplomatic Affairs from the University of Bologna having studied in Brazil and France as well.
Read more articles from this author