Account Guarantee Programs

France: Deposit Guarantee Fund

Purpose

To enhance confidence in the banking system, compensate depositors, and comply with a European Union directive

Key Terms

  • Launch Dates
    Announcement: September 29, 2010; Authorization: September 29, 2010; Operation: September 29, 2010
  • End Date
    Changes to the deposit-insurance system adopted permanently
  • Eligible Institutions
    All deposit-taking institutions in France
  • Eligible Accounts
    A variety of deposit accounts held in eligible institutions
  • Fees
    Differed according to an institution’s risk profile
  • Size of Guarantee
    EUR 100,000
  • Coverage
    USD 1.2 trillion in 2010
  • Outcomes
    No failures as of February 2012
  • Notable Features
    The FDG was privately administered, though it was subject to a variety of public controls

Key Design Decisions

Purpose1

Part of a Package1

Administration1

Governance1

Communication1

Size of Guarantee1

Source and Size of Funding1

Eligible Institutions1

Eligible Accounts1

Fees2

Process for Exercising Guarantee1

Other Restrictions1

Duration1

Key Program Documents

Key Program Documents

Key Program Documents

Key Program Documents

Key Program Documents

Key Program Documents

Key Program Documents

Taxonomy

Intervention Categories:

  • Account Guarantee Programs

Countries and Regions:

  • France

Crises:

  • Global Financial Crisis