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Annual report of the Bank Guarantee Fund
2020
Cooperation within the European Commission
As regards cooperation with the EC, representatives of the BFG took part in the following meetings and
teleconferences organised within the framework of the expert group called Commission Expert Group
on Banking, Payments and Insurance (EGBPI):
a meeting in Brussels on 27 January 2020, which discussed possible amendments to the DGS
Directive resulting from the current stage of its review and from the conclusions identified
by the EBA in three of its opinions (Opinion on eligibility of deposits, coverage level and cooperation
between deposit guarantee schemes, Opinion on deposit guarantee scheme payouts, Opinion
on deposit guarantee schemes’ funding and uses of DGS funds);
a teleconference on 23-24 June 2020, which continued the discussion on proposals to amend and
update selected provisions of the DGS Directive,
a teleconference on 16 July 2020, which included a presentation and discussion of the EBA
Opinion on the eligibility of deposits, coverage level cooperation between DGSs and issues
concerning the assessment of public interest in planning the resolution process;
a teleconference on 28 September 2020 on issues related to triggers for initiating the bankruptcy
process of a credit institution and the revision of Article 32b of the BRRD. The group also
continued its discussion on the harmonisation of ranking rules in bankruptcy proceedings and
on issues concerning the cost assessment of the use of DGS funds for purposes other than the
disbursement of guaranteed funds in the light of Articles 11(3) and (6) of the DGS Directive;
a teleconference on 15 October 2020 to present and discuss, inter alia, issues concerning the
assessment of public interest in resolution planning, sources of financing as part of crisis management
of banks, further harmonisation of ranking rules in bankruptcy proceedings and possible guarantee
protection for depositors’ funds held by payment service providers and e-money institutions;
a teleconference on 12 November 2020, which presented, inter alia, the results of a survey
among Member States on the use of DGS funds for purposes other than for the disbursement
of guaranteed sums in the light of Articles 11(3) and (6) of the DGS Directive and least cost
tests. The issues discussed included also the use of DGS funds in the resolution process and
the draft EBA Report on the monitoring of the TLAC/MREL eligible liabilities instruments
of EU institutions.
A representative of the Fund also participated in the workshops on the implementation of the BRR2
Directive and the SRM2 Regulation, which took place on 13 February (stationary meeting in Brussels)
and 1 July (remote meeting).
Contents
Annual report of the Bank Guarantee Fund
2020
Cooperation within the European Commission
As regards cooperation with the EC, representatives of the BFG took part in the following meetings and
teleconferences organised within the framework of the expert group called Commission Expert Group
on Banking, Payments and Insurance (EGBPI):
a meeting in Brussels on 27 January 2020, which discussed possible amendments to the DGS
Directive resulting from the current stage of its review and from the conclusions identified
by the EBA in three of its opinions (Opinion on eligibility of deposits, coverage level and cooperation
between deposit guarantee schemes, Opinion on deposit guarantee scheme payouts, Opinion
on deposit guarantee schemes’ funding and uses of DGS funds);
a teleconference on 23-24 June 2020, which continued the discussion on proposals to amend and
update selected provisions of the DGS Directive,
a teleconference on 16 July 2020, which included a presentation and discussion of the EBA
Opinion on the eligibility of deposits, coverage level cooperation between DGSs and issues
concerning the assessment of public interest in planning the resolution process;
a teleconference on 28 September 2020 on issues related to triggers for initiating the bankruptcy
process of a credit institution and the revision of Article 32b of the BRRD. The group also
continued its discussion on the harmonisation of ranking rules in bankruptcy proceedings and
on issues concerning the cost assessment of the use of DGS funds for purposes other than the
disbursement of guaranteed funds in the light of Articles 11(3) and (6) of the DGS Directive;
a teleconference on 15 October 2020 to present and discuss, inter alia, issues concerning the
assessment of public interest in resolution planning, sources of financing as part of crisis management
of banks, further harmonisation of ranking rules in bankruptcy proceedings and possible guarantee
protection for depositors’ funds held by payment service providers and e-money institutions;
a teleconference on 12 November 2020, which presented, inter alia, the results of a survey
among Member States on the use of DGS funds for purposes other than for the disbursement
of guaranteed sums in the light of Articles 11(3) and (6) of the DGS Directive and least cost
tests. The issues discussed included also the use of DGS funds in the resolution process and
the draft EBA Report on the monitoring of the TLAC/MREL eligible liabilities instruments
of EU institutions.
A representative of the Fund also participated in the workshops on the implementation of the BRR2
Directive and the SRM2 Regulation, which took place on 13 February (stationary meeting in Brussels)
and 1 July (remote meeting).
Contents
