EBA publishes guidelines for co-operation agreements between deposit guarantee schemes
Mediation without guiding principles is ‘challenging’, EBA says
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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