The EBA consults on rules to further improve depositor protection under the revised Deposit Guarantee Schemes Directive

The European Banking Authority (EBA) launched four public consultations on proposed rules to further strengthen depositor protection, preserve financial stability, and further harmonise depositor protection standards across the EU under the revised Deposit Guarantee Schemes Directive (DGSD3).

The EBA seeks stakeholders’ feedback on Implementing Technical Standards (ITS) on depositor information, ITS on information exchange between credit institutions, Deposit Guarantee Schemes (DGSs) and other relevant authorities, Regulatory Technical Standards (RTS) on the treatment of client funds protection standards across the EU, and Guidelines (GL) on how DGSs should invest funds collected from the industry. The four consultations run until 23 October 2026. 

The draft ITS on depositor information set out harmonised content and formats for depositor information sheets provided at account opening, and on a regular basis. They also establish requirements for communications to depositors in specific situations, such as bank mergers of banks, or failures. The proposals aim to improve depositors’ awareness of coverage while allowing flexibility in how institutions communicate, without increasing administrative burden.

The draft ITS on information exchange introduce standardised procedures, templates and minimum requirements for information exchange in bank failure scenarios. They also:

. enhance reporting from DGSs to the EBA on covered deposits and available financial means;

. define information to be reported by authorities on bank failures;

. improve transparency on the use of DGS funds.

The framework builds on existing best practices to ensure that information is accurate, timely and proportionate.

The draft RTS on client funds establish rules to ensure DGSs receive the data needed to identify and reimburse clients whose funds are held in intermediary accounts. They clarify:

. when reimbursement should be made directly to clients or via the account holder; and

. how to prevent duplicate payouts.

These measures aim to ensure consistent protection, operational efficiency and legal certainty across the EU.

The draft Guidelines on investment of available financial means set out how DGSs should invest their funds to ensure diversification, low risk and sufficient liquidity.

The proposals support DGSs’ ability to rapidly mobilise funds not only for depositor reimbursement, but also for resolution and other interventions within their mandate, as strengthened under DGSD3.