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Europe Daily Bulletin No. 11436

24 November 2015
ECONOMY - FINANCE / (ae) banks
Commission unveils 'deposit guarantee' pillar of banking union

Brussels, 23/11/2015 (Agence Europe) - On Tuesday 24 November, the European Commission is to table a gradually pooled European deposit insurance scheme (EDIS), the third pillar of banking union in the eurozone to add to the 'supervision' and 'resolution' pillars (see EUROPE 11429).

The European institution is following exactly the same logic as for the 'resolution' pillar, in other words the gradual pooling of bank risks, to be total by 2024. It states that once the supervision and...

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ECONOMY - FINANCE
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