26
Mar
2026
Watch
Scope of deposit protection, use of deposit guarantee schemes funds, cross-border cooperation, and transparency (DGSD2) (A10-0065/2026 - Kira Marie Peter-Hansen)
Madam President, I support the report on the scope of deposit protection, because it really strengthens the protection of European citizens' cash deposits and the stability of the financial system. In an economic context of uncertainty, it is essential that depositors trust their savings in banks and that they are safe. Deposit guarantee schemes already provide protection of up to €100,000 per depositor, which is a fundamental pillar of banking stability. However, this regulation goes further, improving transparency, cross-border cooperation and the efficient use of funds. Also, the fact that these protection schemes are financed by the banking sector and not by taxpayers is a fair and responsible principle. Strengthening these mechanisms reduces the risk of bank runs and protects the real economy. In short, I support this report because people's cash in banks must be safe and the banking system must remain sound.