The European Forum of Deposit Insurers (EFDI) published today 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). The Agreement is a milestone achievement of EFDI in its objectives of sharing this practice and experience to support depositor protection and financial stability, EFDI’s 40 members from across the European Union and the European Economic Area have contributed to this agreement. It reflects the high degree of effective cooperation and working collaboration between EU DGS. Under the Deposit Guarantee Scheme Directive, EU DGS are required to effect the payout of depositors in a cross-border… Read More

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