Home State/Host State - DGS Issues and Cooperation EFDI - EU - Malta, March 2014
Home and host DGSs in DGSD Article 13 - Cooperation within the Unio...
Home State/Host State - DGS Issues and Cooperation EFDI - EU - Malta, March 2014
Home and host DGSs in DGSD Article 13 - Cooperation within the Union
1. DGSs shall cover the depositors at branches set up by their member credit institutions in other Member States.
2. Depositors at branches set up by credit institutions in another Member State shall be repaid by a DGS in the host Member State on behalf of the DGS in the home Member State. The DGS of the host Member State shall make repayments in accordance with the instructions of the DGS of the home Member State. The DGS of the host Member State shall not bear any liability with regard to acts done in accordance with the instructions given by DGS of the home Member State . The DGS of the home Member State shall provide the necessary funding prior to payout and shall compensate the DGS of the host Member State for the costs incurred. The DGS of the host Member State shall also inform the depositors concerned on behalf of the DGS of the home Member State and shall be entitled to receive correspondence from those depositors on behalf of the DGS of the home Member State.
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4. Member States shall ensure that DGS of the home Member State exchange information referred to under Article 3(7) and information about problems detected in accordance with Article 3(9) with those in host Member States and vice versa. The restrictions set out in that Article and in particular Article 3(10) shall apply.
5. In order to facilitate an effective cooperation between DGSs, with particular regard to this Article and to Article 11, the DGSs, or, where appropriate, the appointed authorities, shall have written cooperation agreements in place. Such agreements shall take into account the requirements laid down in Article 3(8).
6. Member States shall ensure that appropriate procedures are in place to enable DGSs to share information and communicate effectively with other DGSs, their affiliated credit institutions and the relevant competent and appointed authorities within their own jurisdictions and with other agencies on a cross-border basis, where appropriate. PRESENTATION
Home and host DGSs in DGSD Article 7 - Repayment
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… 5. Repayment as referred to in paragraphs 1 and 4 may be deferred where: ….. (e) the amount to be repaid is to be paid out by the DGS of the host Member State in accordance with Article 13(2).
PRESENTATION
Home and host DGSs in DGSD AS A WHOLE
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Repayment
Information to depositors
Funding
Responsibilities
Exchange of information between DGSs
Written agreements
PRESENTATION
Home and host DGSs in DGSD
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PRESENTATION
Home and host DGSs in DGSD Article 13 - Cooperation within the Union
1. DGSs shall cover the depositors at branches set up by their member credit institutions in other Member States.
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. Depositors at branches set up by credit institutions in another Member State shall be repaid by a DGS in the host Member State on behalf of the DGS in the home Member State. The DGS of the host Member State shall make repayments in accordance with the instructions of the DGS of the home Member State. The DGS of the host Member State shall not bear any liability with regard to acts done in accordance with the instructions given by DGS of the home Member State . The DGS of the home Member State shall provide the necessary funding prior to payout and shall compensate the DGS of the host Member State for the costs incurred.
The DGS of the host Member State shall also inform the depositors concerned on behalf of the DGS of the home Member State and shall be entitled to receive correspondence from those depositors on behalf of the DGS of the home Member State.
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4. Member States shall ensure that DGS of the home Member State exchange information referred to under Article 3(7) and information about problems detected in accordance with Article 3(9) with those in host Member States and vice versa. The restrictions set out in that Article and in particular Article 3(10) shall apply.
5. In order to facilitate an effective cooperation between DGSs, with particular regard to this Article and to Article 11, the DGSs, or, where appropriate, the appointed authorities, shall have written cooperation agreements in place. Such agreements shall take into account the requirements laid down in Article 3(8).
6. Member States shall ensure that appropriate procedures are in place to enable DGSs to share information and communicate effectively with other DGSs, their affiliated credit institutions and the relevant competent and appointed authorities within their own jurisdictions and with other agencies on a cross-border basis, where appropriate. PRESENTATION
Home and host DGSs in DGSD Depositors at branches set up by credit institutions in another Member State shall be repaid by a DGS in the host Member State on behalf of the DGS in the home Member State.
The DGS of the host Member State shall also inform the depositors concerned on behalf of the DGS of the home Member State.
The DGs shall be entitled to receive correspondence from those depositors on behalf of the DGS of the home Member State.
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PRESENTATION
Home and host DGSs in DGSD 1st OPTION
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PRESENTATION
Home and host DGSs in DGSD 2nd OPTION
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PRESENTATION
Home and host DGSs in DGSD ALTERNATIVE PRESENTATION
EU Coordination??? 10
PRESENTATION
Home and host DGSs in DGSD ALTERNATIVE PRESENTATION
EU Coordination 11
PRESENTATION
Home and host DGSs in DGSD 2nd OPTION
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Role of the host DGS
Proceeding to the payments towards depositors, using its own payment processes
Providing for general information (failure of institution X, payment delay, process)
Reception of mail inflows
Assistance to the home DGS (language, correspondence, explanations)
Role of the home DGS
Receiving and handling the SCVs
Preparing the payment file for the host DGS
Providing the funding
Providing individual information to depositors through its own processes / specialized information to media
Handling all specific cases with host DGS’s assistance
PRESENTATION
Home and host DGSs in DGSD EU COORDINATION FRAMEWORK post DGSD
Coordination of our processes – setting of a cross border processes
Payment file format
Shared information on payment instruments
Funding agreements
Better knowledge of various specificities (handling of specific cases or accounts/ complex situations)
Regular exchanges of information
Drafting of multilateral cooperation arrangements Plus
