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Yale University EliScholar – A Digital Platform for Scholarly Publishing at Yale YPFS Documents (Series 1) Browse by Media Type 2022 Deposit Guarantee Schemes: Deposit guarantee and investor compensation schemes Oesterreichische Nationalbank (OeNB) Follow this and additional works at: https://elischolar.library.yale.edu/ypfs-documents Recommended Citation Oesterreichische Nationalbank (OeNB), "Deposit Guarantee Schemes: Deposit guarantee and investor compensation schemes" (2022). YPFS Documents (Series 1). 12944. https://elischolar.library.yale.edu/ypfs-documents/12944 This Document is brought to you for free and open access by the Browse by Media Type at EliScholar – A Digital Platform for Scholarly Publishing at Yale. It has been accepted for inclusion in YPFS Documents (Series 1) by an authorized administrator of EliScholar – A Digital Platform for Scholarly Publishing at Yale. For more information, please contact elischolar@yale.edu. DE | EN  Press  | Publications  | Calendar  | Contact  | Services  | Barrier-free access  |  |  |  |  |  |stability and security.About us Cash management Monetar y policy Financial market Statistics Repor ting PaymentsDeposit Guarantee SchemesDeposit guarantee and investor compensation schemesTwo types of bank customers are protected by deposit guarantee and investor compensation schemes: (1) customers with credit balances onaccounts or deposits in savings passbooks, and (2) investors using bank-intermediated securities services that are subject to investorcompensation. Here we focus on deposit guarantee schemes, which ensure that banks will be able to pay out deposits at all times, even if they areplaced into insolvency or become illiquid. In a payout event, all deposits up to EUR 100,000 per customer and bank will be protected. All creditinstitutions incorporated in Austria which intend to take in customer deposits or offer securities services subject to investor compensation must joina protection scheme.In Austria, the Deposit Guarantee Schemes and Investor Compensation Act (ESAEG) took effect on August 15, 2015. The legal framework reflectsthe principle that credit institutions, and not the taxpayer, must bear the financial consequences of payout events. Potential insurance payouts are tobe financed by a deposit insurance fund, to which the members of deposit guarantee schemes make annual contributions until 2024.Three deposit guarantee schemes currently coexist in Austria:Einlagensicherung AUSTRIA Ges.m.b.H.Österreichische Raiffeisen-Sicherungseinrichtung eGen (ÖRS)Sparkassen-Haftungs GmbHFor details on the procedures applying to payout events, see the websites of the relevant deposit guarantee scheme.Supervision of deposit guarantee schemesBuilding a European deposit insurance schemeLinksEinlagensicherung AUSTRIA Ges.m.b.H.Österreichische Raiffeisen-Sicherungseinrichtung eGen (ÖRS)Sparkassen Haftungs GmbHFMA: Deposit Guarantee SchemesEBA: Recovery, resolution and Deposit Guarantee SchemesDeutschDiese Seite auf Deutsch.Financial marketFinancial stabilityMacroprudential supervisionThe three pillars of the bankingunionSingle SupervisoryMechanismSingle Resolution MechanismDeposit Guarantee SchemesBanking supervisionPayment systems oversightHome > Financial market > The three pillars of the banking union > Deposit Guarantee SchemesGENERAL ISSUES FINANCIAL SECTOR RESEARCH SERVICE CENTER INTERNATIONALRELATIONSImportant interest ratesExchange ratesMoney MuseumDirectory of SEPA paymentservice providersForecastsCESEE focusResearch promotionEconomic studiesResearchersBank holidaysTendersDictionaryNewsletterLinksThe OeNB in theEurosystemInternational relationsEuropean Central BankImprint and Disclaimer | Data protection | Sitemap | Accessibility Statement | Copyright © 2020 Oesterreichische Nationalbank

Deposit Guarantee Schemes: Deposit guarantee and investor compensation schemes

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Deposit Guarantee Schemes: Deposit guarantee and investor compensation schemes

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