EFDI published Deposit Guarantee Scheme Cooperation Agreement with EBA support
The European Forum of Deposit Insurers (EFDI) published its model Cooperation Agreement and supporting Rule Book, which it recommends to European Union Deposit Guarantee Schemes (DGS), with support of the European Banking Authority (EBA).
Under the Deposit Guarantee Scheme Directive, EU DGS are required to effect the payout of depositors in a cross-border branch through the DGS in the home state country. The Agreement provides the framework for cross-border payouts of depositors, as well as the transfer of contribution, and mutual lending, between DGS
