Outflows from other retail deposits

Under the Delegated Regulation (EU) 2015/61 as amended by Delegated Regulation (EU) 2018/1620, paragraph 2(b) of Article 25 has been replaced by the following: “the deposit is an internet access-only account”. In that regard, a service by telephone should be seen as a substitute to service by internet. This is because the relationship between the depositor and the credit institution, which is assumed to characterise the sensitivity of deposits to withdrawals during times of stress, in the case of an internet access-only account can assumed to be equal to a relationship that is characterised by exclusive access via telephone or both telephone and internet. Consequently, a retail deposit account, which can exclusively be serviced by telephone as well as by internet, should trigger the “internet access only” risk factor for high outflow classification in accordance with Article 25(3) of Delegated Regulation (EU) 2015/61 as amended by Delegated Regulation (EU) 2018/1620.