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Annual report of the Bank Guarantee Fund
2020
Collaboration with the EFDI
In September 2020, the Annual General Meeting of the Members of the European Forum of Deposit
Insurers (EFDI AGM) was held. It was attended by the President and a Member of the Management
Board of the BFG, as well as the Fund’s staff. At the meeting, new members of the Board of Directors
and members of the EU Management Executive (EUME) were elected. An Associate Members
Observer (AMO), representing EFDI’s affiliated institutions, was also elected. The meeting also
adopted the official EFDI Sustainability Charter, a document outlining the association’s framework
and priorities.
As part of its cooperation with the European Forum of Deposit Insurers, the Fund was also
represented at the meetings:
H2C EFDI Group;
EFDI EU Committee;
EFDI EU Monthly Coffee Club.
International agreements
In implementing the EBA guidelines, the European deposit guarantee institutions (including the
BFG) signed a multilateral cooperation agreement regarding cross-border payments to depositors
of branches established by credit institutions in another Member State. This agreement provides
for the possibility of clarifying provisions in the form of bilateral agreements (bilateral specifications
including complementary or alternative provisions not incompatible with the multilateral agreement).
During the reporting period, a consultation process was initiated on a draft bilateral agreement on
cross-border disbursements between the BFG and the German DGS.
In view of the Covid-19 pandemic, the BFG also conducted its own survey among IADI and EFDI members on the possible
suspension of mandatory contributions from credit institutions and on the measures taken by countries for the banking
sector. Only a few countries decided at that time to suspend the collection of contributions.
Fund representatives participated in a teleconference on 22 and 24 September 2020 on the current and expected impact
of the Covid-19 pandemic crisis on the activities of deposit guarantee schemes and resolution authorities.
Other
During the reporting period, BFG staff participated in the following international meetings:
Resolution Board 2020 SRB Induction Training;
meeting with representatives of the European Commission (DG COMP); the meeting was
attended by representatives of the MF, BFG, KNF, NBP, and UOKiK.
Contents
Annual report of the Bank Guarantee Fund
2020
Collaboration with the EFDI
In September 2020, the Annual General Meeting of the Members of the European Forum of Deposit
Insurers (EFDI AGM) was held. It was attended by the President and a Member of the Management
Board of the BFG, as well as the Fund’s staff. At the meeting, new members of the Board of Directors
and members of the EU Management Executive (EUME) were elected. An Associate Members
Observer (AMO), representing EFDI’s affiliated institutions, was also elected. The meeting also
adopted the official EFDI Sustainability Charter, a document outlining the association’s framework
and priorities.
As part of its cooperation with the European Forum of Deposit Insurers, the Fund was also
represented at the meetings:
H2C EFDI Group;
EFDI EU Committee;
EFDI EU Monthly Coffee Club.
International agreements
In implementing the EBA guidelines, the European deposit guarantee institutions (including the
BFG) signed a multilateral cooperation agreement regarding cross-border payments to depositors
of branches established by credit institutions in another Member State. This agreement provides
for the possibility of clarifying provisions in the form of bilateral agreements (bilateral specifications
including complementary or alternative provisions not incompatible with the multilateral agreement).
During the reporting period, a consultation process was initiated on a draft bilateral agreement on
cross-border disbursements between the BFG and the German DGS.
In view of the Covid-19 pandemic, the BFG also conducted its own survey among IADI and EFDI members on the possible
suspension of mandatory contributions from credit institutions and on the measures taken by countries for the banking
sector. Only a few countries decided at that time to suspend the collection of contributions.
Fund representatives participated in a teleconference on 22 and 24 September 2020 on the current and expected impact
of the Covid-19 pandemic crisis on the activities of deposit guarantee schemes and resolution authorities.
Other
During the reporting period, BFG staff participated in the following international meetings:
Resolution Board 2020 SRB Induction Training;
meeting with representatives of the European Commission (DG COMP); the meeting was
attended by representatives of the MF, BFG, KNF, NBP, and UOKiK.
Contents
