EBA consults on rules to further improve depositor protection under DGSD3EBA consults on rules to further improve depositor protection under DGSD3

The European Banking Authority (EBA) has published four consultation papers under the revised Deposit Guarantee Schemes Directive (EU) 2026/804 (DGSD3), aimed at strengthening depositor protection, preserving financial stability and further harmonising depositor protection standards across the EU.

The four consultation papers include:

• Draft implementing technical standards (ITS) on depositor information, setting out harmonised content and formats for depositor information sheets provided at account opening and on a regular basis. They also establish requirements for communications to depositors in specific situations, such as bank mergers or failures.
• Draft ITS on information exchange, introducing standardised procedures, templates and minimum requirements for information exchange in bank failure scenarios. They also enhance reporting from deposit guarantee schemes (DGSs) to the EBA on covered deposits and available financial means, define information to be reported by authorities on bank failures, and improve transparency on the use of DGS funds.
• Draft regulatory technical standards (RTS) on the treatment of client funds, establishing rules to ensure DGSs receive the data needed to identify and reimburse clients whose funds are held in intermediary accounts, clarifying: (i) when reimbursement should be made directly to clients or via the account holder; and (ii) how to prevent duplicate payouts.
• Draft guidelines on the investment of available financial means, setting out how DGSs should invest their funds to ensure diversification, low risk and sufficient liquidity.

The deadline for comments on all of the four consultation papers is 23 October, with a public hearing scheduled for 24 September.

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