First Deposit Guarantee Schemes Directive (94/19/EC) (DGSD) | Practical Law

First Deposit Guarantee Schemes Directive (94/19/EC) (DGSD) | Practical Law

An overview of the first Deposit Guarantee Schemes Directive (94/19/EC) (DGSD), which required EU member states to introduce at least one deposit guarantee scheme (DGS) in their jurisdiction to provide protection for depositors and to reduce the risk of bank runs.

First Deposit Guarantee Schemes Directive (94/19/EC) (DGSD)

Practical Law UK Practice Note 2-521-2166 (Approx. 15 pages)

First Deposit Guarantee Schemes Directive (94/19/EC) (DGSD)

by Practical Law Financial Services
Law stated as at 03 Jul 2015 • European Union
An overview of the first Deposit Guarantee Schemes Directive (94/19/EC) (DGSD), which required EU member states to introduce at least one deposit guarantee scheme (DGS) in their jurisdiction to provide protection for depositors and to reduce the risk of bank runs.
On 4 July 2015, the DGSD was repealed by the recast DGSD (2014/49/EU).