09/11/2015 (Agence Europe) - EBA public consultation on stress tests of deposit guarantee schemes. The European Banking Authority (EBA) launched a public consultation on Friday 6 November on its draft guidelines on stress tests of deposit guarantee schemes (DGSs). The proposed guidelines set out the methodological principles to assess whether the operational and funding capabilities of DGSs are sufficient to ensure deposit protection in the event of a bank failure. Application of the deposit guarantee directive (2014/49) has returned to centre stage as the Commission has confirmed that, despite German hostility, it will bring forward a proposal to deliver the deposit guarantee pillar of banking union in the eurozone (see EUROPE 11426). The consultation will run until 8 February 2016. (MB)