The deposit insurer of the (near) future
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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
In Berlin, the chair of the EBA, the EU authority that sets the rules for banks, spoke about the future of deposit protection. He noted there are already around 40 e-money tokens (crypto coins tied to a normal currency) under the EU's MiCA law, and that money held with payment and e-money firms is covered up to 100,000 euros per identified customer.
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