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VII
4.2.2 Merger of Member States’ DGSs - establishment of cross-border DGSs ...49
4.3 Internal functioning of DGSs
...........................................................................49
4.3.1 Supervision of DGSs ...................................................................................49
4.3.1.1 Designated authorities
......................................................................... 49
4.3.1.2 The role of the EBA and the Commission
.............................................. 50
4.3.2 Provision of information to DGSs - processing of depositors’
personal data ..............................................................................................51
4.3.3 Stress testing of DGSs’ systems..................................................................52
Section C:
Credit institutions as members of DGSs and related issues
1. Terms and conditions of credit institutions’ membership in DGSs -
cooperation requirements
....................................................................................55
1.1 General overview
...............................................................................................55
1.2 EU credit institutions
.........................................................................................56
1.2.1 The mandatory membership rule ...............................................................56
1.2.2 Administrative issues..................................................................................59
1.3 Branches of EU credit institutions established in other Member States
......60
1.3.1 The ‘home country rule’..............................................................................60
1.3.2 ‘Home-host’ DGSs’ cooperation .................................................................61
1.4 Branches of non-EU credit institutions established in Member States
........62
1.5 Exclusion of credit institutions from membership in DGSs
...........................64
1.6 In particular: credit institutions’ ‘mobility’ between DGSs
...........................64
1.7 Specific provisions regarding cooperation among DGSs
...............................65
1.7.1 General rules...............................................................................................65
1.7.2 In particular: ‘cooperation agreements’.....................................................66
2. Depositor information
...........................................................................................67
2.1 General overview
...............................................................................................67
2.2 Depositor information requirements
...............................................................68
2.2.1 Requirements imposed on credit institutions ............................................68
2.2.2 Requirement imposed on DGSs ..................................................................69
2.3 The use of depositor information in advertising
............................................69
2.4 Specific depositor protection in the case of corporate operations
...............70