2015: Journal no. 2

VISIONS OF THE EUROPEAN UNION DIRECTIVE ON DEPOSIT GUARANTEE SCHEMES

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Authors:  
Nicolae TAU , PhD, Professor, ULIM
Diana CERNABILSCHI , PhD Student, Associate Professor, ULIM

The article aims to illustrate the role of directives of the European Union in organizing the activity of banking deposit guarantee. Given the fact that, at present, financial crises are becoming more frequent, and the consequences affect the confidence of depositors in the banking system, it is necessary to undertake measures for the creation and improvement of institutions for guaranteeing bank deposits. At the European level, are drawn up directives relating to the imposition of banking deposit guarantee schemes and the member countries, during a given period of time, shall be obliged to transpose the requirements of this directive in the national law.

The goal of research is to identify elements of deposit-guarantee schemes recommended by European directives, appreciation of amendments made to Directive 2014/49/EU.

The methodology of research. The article was elaborated în base of European directives given in bibliographic references. In order to obtain research results the author was use the analytical method and comparison method, the last having a higher share.

The research results. The study allowed the appreciation of the importance of European directives in elaborating the deposit guarantee schemes.

Keywords:  
deposit guarantee schemes, the European Union, guarantee ceiling, directives, bank deposits, financial crisis, financial instability, depositors’ information.