FLM' Keynote Speech - IADI Annual Conference 29 October 2026
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Speech by EBA Chair François-Louis Michaud at the annual conference of the International Association of Deposit Insurers (Berlin, 29 October 2026). He argues that digitalisation requires deposit insurers to act faster and with better data, and reviews crypto-asset risks and the EU CMDI reform.
Key points
- The EBA proposes that banks provide depositor data within three working days at most and that payouts be made by credit transfer by default.
- About 40 e-money tokens issued under MiCA; the EBA calls for a review of reserve requirements held as bank deposits.
- Client funds of payment and e-money institutions are covered up to EUR 100,000 per identified client.
Who is affected
Deposit guarantee schemes, banks, payment and e-money institutions and stablecoin issuers.
Deadlines
The revised DGSD and BRRD must be transposed by 11 May 2028.
Plain-language version
The chair of the EBA, the EU authority that sets the rules for banks, said in Berlin that deposit guarantee schemes, which pay customers back if their bank fails, must move faster in a digital world. The EBA wants banks to hand over depositor data within three working days at most, and refunds to be paid by bank transfer by default.
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