European Deposit Insurance Scheme

This procedure concerns the creation of a European Deposit Insurance Scheme (EDIS) to protect bank depositors across the EU. It aims to strengthen financial stability and confidence in the banking sector by ensuring that depositors' savings are safe, even if a bank fails.

EDIS would apply to all EU member states participating in the Banking Union. It seeks to harmonise deposit insurance rules and provide a common backstop, potentially reducing risks for taxpayers and fostering a more integrated financial market.