EBA · 2017_3255 Final Q&A

Funding Reliances - Table 2A1 - Insured and unsinsured deposits and uninsured deposit-like financial instruments (P 02.01)

Regulation
Regulation (EU) No 575/2013 (CRR)
Article
99
Topic
Supervisory reporting - Funding Plans
Submitted by
Competent authority
Submitted
2017-04-04
Answered
2018-06-15
Answer provided by
ESAs (EBA, ESMA, EIOPA)
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Question

Which of the following amount should "Deposits covered by a Deposit Guarantee Scheme according to Directive 94/19/EC or an equivalent deposit guarantee scheme in a third country" definition include: (1) Covered Deposits as per Art. (2) of the European Directive 2014/49/EU on Deposit Guarantee Schemes i.e. all deposits eligible for compensation for each customer with the credit institution up to €100.000 for each depositor. OR (2) Payable amount i.e. all deposits eligible for compensation for each customer with the credit institution after setting-off any credit institution's counterclaims against that specific customer and taking into account the maximum amount of compensation that is €100.000 for each depositor.

Background

One of the Cypriot Banks asked whether in section 2 - funding reliances the amount of deposits covered by DGS should be net of any loans which could be set off against such deposits in case of a bail in.

Answer

The amount included in the Funding plan should be covered deposits as per Article (2) of the European Directive 2014/49/EU on Deposit Guarantee Schemes, i.e. all deposits eligible for compensation for each customer with the credit institution up to EUR 100,000 for each depositor. Also temporary high deposit balances – stemming from real estate transactions (e.g. sale of a house) as well as from some specific life events (such as marriage, divorce, retirement, etc.) – and which are covered by a deposit guarantee scheme shall be reported here.

Original source: European Banking Authority, Q&A ID 2017_3255

This Q&A is published by European Banking Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.

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