eSignature Legitimacy for Insurance Industry in European Union

How to eSign a document: eSignature legitimacy for Insurance Industry in European Union

Dec tapang chairman of the European forum of deposit insurance does your organization have a position on the European Deposit Insurance Scheme as yet yes we actually is a face to establish a drawing position it's still very complicated because even our members are not in the position to express their final position on eedas is a pretty new piece of legislation and we're working on an opinion and think we will have final Isis by the end of the year hmm the European Commission has written to 14 EU member states to ask them to request that they fully implement the current national schemes what close are we to full implementation so this is a very good question it is not easy to say because it depends on the national legislators and this is different from country to country but i hope that latest the basement of next year's every member state will have implemented fully zu director from the press insurance and also this BRD the proposed scheme and would be fully implemented ed is proposed date is 2024 is this lacking an ambition or is it a realistic time scale a success depends on the final structure of ze de so we have now a legislative proposal and for this legislative proposal I would doubt if we would be able to implement it until 2024 but I'm pretty sure like an all legislative process will be still very great amendments on this proposal and I think this final leaders could be implemented until 2024 yes mmm and at the currently the EU are saying they're looking at 43 billion euros estimated to cover not point eight percent of covered deposits is this adequate I think we've seen your right of the poster preference that has been implementing the banking resolution director I think this funding is adequate because the person shiraz can expect nearly in most of the cases one hundred percent recovery in the insolvency proceedings and therefore this fund should be sufficient and also you for you mentioned a level playing field having a lame level playing field for the eu28 other difficulties in this proposal so in the meeting of our banking Union working group last weeks there were a lot of member states and the post guarantee schemes who have expressed their concerns about the level playing field as many things will be irrelevant for the banking union members which are not relevant for the rest of the year only to mention one issue as a target the target for banking unit will be 0.8 other member states out of the banking urine can remain 40.00 point five this is not a level playing field same applies for the application of payment commitments or for the question of set off in the payout process and for the temporary high balances finally the regulation of banks we're looking at insurance schemes shouldn't we be looking at making sure that we don't get into this situation with adequate capital requirements making sure that big banks aren't too big to fail has enough been done on this front so I would assume that we have been getting a lot of good a new regulation and I think first this regulation has to be implemented to be tested and then we have to make an impact assessment and see if we need further regulation but by now I think we have sufficient new regulation