Irene Mecatti

The governance of Deposit Guarantee Schemes and its impact on the use of alternative interventions in banking crises

  • Abstract

Informations and abstract

Keywords: State Aid; Credit Institutions; Financial Stability; Banking Crises; Deposit Guarantee Schemes; Alternative Interventions; Least Cost Principle; Super Priority Rule.

The paper aims at designing a Dgs model according to which a national scheme can intervene in a banking crisis without breaking Eu State aid rules. It is divided in four parts. Firstly, it describes the new regulatory framework relating to Dgss and the potential use of alternative interventions. Secondly, the 2015 EC decision on Tercas and its impact at national level will be analysed. Thirdly, the paper will focus on the 2019 General Court judgement, criticizing some of the remarks contained therein. In the final part, the paper will compare the reached conclusions relating Dgs’ alternative measures to the interventions of the Srb. The final part will consider the problem of the combination of the super priority rule ex art. 108 Brrd and the least cost principle, meant as condition to activate alternative interventions.

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