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VI
Section B:
General aspects of the Directive
1. Subject matter of the Directive
............................................................................29
1.1 Introductory remarks
........................................................................................29
1.2 Legal basis of the Directive
...............................................................................31
1.3 Functions of DGSs
..............................................................................................31
1.4 In particular: harmonisation with a view to increasing the stability
of the banking system and the protection of depositors
..............................32
1.4.1 General considerations...............................................................................32
1.4.2 Aims of harmonisation ...............................................................................34
1.5 International benchmarking: the 2009 ‘Core Principles for Effective
Deposit Insurance Systems’
.............................................................................35
2. Field of application of the Directive
....................................................................37
2.1 DGSs and credit institutions covered by the field of application
.................37
2.1.1 Types of DGSs covered................................................................................37
2.1.1.1 General overview
................................................................................. 37
2.1.1.2 In particular: IPSs
................................................................................ 38
2.1.2 Credit institutions covered .........................................................................40
2.2 DGSs excluded from the field of application
..................................................40
3. Timetable for implementation and transposition into national
legislation - Reports of the Commission and the EBA by 2019
......................41
3.1 Timetable of implementation and transposition into national
legislations
.........................................................................................................41
3.1.1 In general ...................................................................................................41
3.1.2 Repeal of Directive 94/19/EC......................................................................42
3.1.3 Administrative issues..................................................................................43
3.2 Reports of the Commission and the EBA by 2019
..........................................44
3.2.1 The Commission’s Reports ..........................................................................44
3.2.2 The EBA’s Report .........................................................................................45
3.2.2.1 Introductory remarks
........................................................................... 45
3.2.2.2 The content of the Report
..................................................................... 46
4. Introduction, official recognition and internal functioning
of DGSs
....................................................................................................................46
4.1 General overview
...............................................................................................46
4.2 Introduction and official recognition of DGSs by Member States
...............48
4.2.1 General aspects...........................................................................................48