UNIDROIT Draft Legislative Guide on Bank Liquidation presented to European Forum of Deposit Insurers

On 7 November 2024, on the invitation of the Secretary General of the European Forum of Deposit Insurers (EFDI), UNIDROIT Legal Officer Myrte Thijssen virtually presented the (Draft) Legislative Guide on Bank Liquidation to EFDI Members. After explaining the background of the project and how the Legislative Guide had been developed by the Working Group on Bank Insolvency, she focused her presentation on key aspects of effective bank liquidation frameworks as advocated in the Guide.

Given EFDI’s constituency – 55 Deposit Guarantee Schemes and 15 Investor Compensation Schemes from enlarged Europe – Ms Thijssen devoted particular attention to the role of deposit insurers in bank liquidation proceedings, the possible use of deposit insurance funding, and relevant aspects of the creditor hierarchy, including the ranking of deposits and deposit insurers in bank liquidation proceedings.

For more information about the Bank Insolvency Project, please see the dedicated webpage here.

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