EBA publishes guidelines for co-operation agreements between deposit guarantee schemes

Mediation without guiding principles is ‘challenging’, EBA says

Canary Wharf from across the Thames
The EBA is based at London's Canary Wharf

The European Banking Authority (EBA) published guidelines on co-operation agreements concerning deposit guarantee schemes (DGSs) on February 15.

Under European Union (EU) law, DGSs must have written co-operation schemes in place with each other or, where relevant, with regulatory authorities. If a DGS cannot reach agreement with another DGS or with a regulatory authority, then under EU directive (2014/49/EU), either party may apply to the EBA for binding mediation.

Binding mediation between DGSs

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