Translation of "Depositors' confidence " (English → French) :

Directive 2009/14/EC of the European Parliament and of the Council introduced a fixed coverage level of EUR 100 000, which has put some Member States in the situation of having to lower their coverage level, with risks of undermining depositor confidence.

If, however, depositors are assured that the time limit for repayment will be short and then, upon failure of a credit institution, the time limit is not complied with, this could permanently damage depositors' confidence in, and thereby undermine the stabilising effect and purpose of, DGSs. Member States should, therefore, be given the option, during a transitional period ending on 31 December 2016, to adopt a time limit for repayment of 20 working days if, after examination by the competent authorities, the reduced time limit for re ...[+++]payment is found not to be feasible.

If, however, depositors are promised a short time limit for reimbursement, which is then not complied with if a credit institution fails, this could permanently damage depositors’ confidence in guarantee schemes and thus undermine their stabilising effect and purpose.

If, however, depositors are assured that the time limit for payout will be short and then, upon failure of a credit institution, the time limit is not respected, this can permanently damage depositors’ confidence in guarantee schemes, thereby undermining their stabilising effect and purpose.

The increased level of protection improves depositors’ confidence and thus helps to prevent simultaneous withdrawals by many depositors (a run on the bank) prompted by a fear of losing their money.

− Mr President, also as an acknowledgement of the frantic search by EU Member States to rescue the banking system, but not in a sufficiently coordinated way, we have thought that it makes sense to introduce this amendment. It reads: ‘whereas the increasing cross-border nature of banking in Europe and the need to respond in a coordinated way to adverse shocks, as well as the need to deal with systemic risks effectively, require divergences between the national regimes of Member States to be reduced to the greatest extent possible; whereas there is a need to move beyond the studies that the European Commission has already carried out in this regard and to amend Directive 94/19/EC as soon as possible to provide the same level of protection fo ...[+++]r bank deposits across the whole European Union in order to preserve financial stability and depositors’ confidence and avoid distortions of competition’.