In any event, DGSs should have adequate alternative funding arrangements in place to enable them to obtain short-term funding to meet claims made against them.
Article 8 Repayment. .
Any correspondence between the DGS and the depositor shall be drawn up: (a) in the official language of the Union institutions that is used lotto stadio potenza iii 300 tf fussball by the credit institution holding the covered deposit when writing to the depositor; or (b) in the official language or languages.(52) The power to adopt acts in accordance with Article 290 of the Treaty on the Functioning of the European Union should be delegated to the Commission in order to adjust the coverage level for the total deposits of the same depositor as laid down.In particular, it shall include a calculation formula, specific indicators, risk classes for members, thresholds for risk weights assigned to specific risk classes, and other necessary elements.If the measures taken under paragraph 4 fail to secure compliance on the part of the credit institution, the DGS may, subject to national law and the express consent of the competent authorities, give not less than one months notice of its intention to exclude.The financial means referred to in Article 10 shall be primarily used in order to repay depositors pursuant to this Directive.Member States pokerchips deventer may decide that the liabilities of the depositor to the credit institution are taken into account when calculating the repayable amount where they have fallen due on or before the date on which a relevant administrative authority makes a determination as referred.The harmonised level of coverage provided for in this Directive should not affect schemes protecting the credit institution itself unless they repay depositors.If a credit institution operates directly in another Member State without having established branches, the information shall be provided in the language that was chosen by the depositor when the account was opened.Since further amendments are to be made, that Directive should be recast in the interests of clarity.Each branch established by a credit institution which has its head office outside the Union and which is not a member of a DGS operating in a Member State shall provide all relevant information concerning the guarantee arrangements for the deposits of actual and intending.
Member States shall ensure that schemes referred to in points (a) and (b) of the first subparagraph have in place adequate financial means or relevant financing arrangements to fulfil their obligations.
Such agreements shall take into account the requirements laid down in Article 4(9).
The competent authorities should be able to recognise IPS as DGSs if they fulfil all criteria laid down in this Directive.
Authorities also have much easier access to credit than citizens.
Such access should only be made on the basis of data provided by the credit institution.
When reporting, EBA shall take due account of the risk profiles of the various business models.
Member States that convert into their national currency the amount referred to in paragraph 1 shall initially use in the conversion the exchange rate prevailing on Member States may round off the amounts resulting from the conversion, provided that such rounding off does not exceed.(7 as a result of this Directive, depositors will benefit from significantly improved access to DGSs, thanks to a broadened and clarified scope of coverage, faster repayment periods, improved information and robust funding requirements.The competent authority may defer, in whole or in part, a credit institution's payment of extraordinary ex-post contributions to the DGS if the contributions would jeopardise the liquidity or solvency of the credit institution.Member States shall identify the relevant administrative authority in their Member State for the purpose of point (8 a) of Article 2(1).Such higher coverage level should be limited in time and in scope and the Member States concerned should adjust the target level and contributions paid to their DGSs proportionately.(17) Regulation (EU) No 1092/2010 of the European Parliament and of the Council of 24 November 2010 on European Union macro-prudential oversight of the financial system and establishing a European Systemic Risk Board ( OJ L 331,.In addition, your credit institution is part of an Institutional Protection Scheme in which all members mutually support each other in order to avoid insolvency.Adverse effects on financial stability should be avoided, for example where only credit institutions with a high-risk profile are transferred to a cross-border DGS.Member States shall ensure that their DGSs have in place sound and transparent governance practices.