The European Banking Authority (EBA) has launched a consultation on new rules aimed at improving depositor protection under the revised Deposit Guarantee Schemes Directive (DGSD). The consultation, announced on 23 July 2026, seeks stakeholder input on measures to enhance the effectiveness and efficiency of deposit guarantee schemes across the European Union.
The proposed rules focus on key aspects of depositor protection, including faster payout procedures, clearer communication with depositors, and stronger coordination between national deposit guarantee schemes. The EBA's initiative follows the adoption of the revised DGSD, which updated the original 2014 framework to address lessons learned from recent financial crises and to align with evolving banking sector risks.
The consultation is open until 23 October 2026. The EBA will use the feedback to develop final draft regulatory technical standards, which will be submitted to the European Commission for endorsement. The new rules are expected to apply from 2027, giving national authorities and banks time to adapt.
The revised DGSD, agreed by the European Parliament and the Council in 2025, introduced several changes, including reduced payout deadlines from seven to five working days, increased coverage limits, and improved information requirements for banks. The EBA's consultation builds on these legislative changes by specifying the operational details.
Stakeholders likely to be most affected include national deposit guarantee schemes, which will need to implement new procedures; banks, which face compliance costs related to data provision and communication; and depositors, who stand to benefit from faster and more transparent access to their insured funds. The EBA estimates that the new rules will moderately increase administrative burdens for banks but should significantly reduce the time depositors wait for compensation in the event of a bank failure.
The EBA plans to publish a final report and the draft technical standards by early 2027, after which the European Commission will have three months to adopt them as binding EU law.