AI Summary of Article 11e Least cost test
Member States shall ensure that DGS interventions used in respect of measures referred to in Article 11(2), (3) or (5) of this Directive are limited to the lesser of two specified amounts.
The first amount is the amount of covered deposits at the credit institution; the second is the amount resulting from the conditions for the application of the relevant measure laid down in Article 109 of Directive 2014/59/EU or in Article 11(3) or Article 11(5) of this Directive, respectively.
Article 11e Least cost test
Member States shall ensure that, where DGS funds are used for any measure referred to in Article 11(2), (3) or (5) of this Directive, the amount of the respective DGS intervention does not exceed the lesser of the following amounts:
(a) the amount of covered deposits at the credit institution; or
(b) the amount resulting from the conditions for the application of the relevant measure laid down in Article 109 of Directive 2014/59/EU or in Article 11(3) or Article 11(5) of this Directive, respectively.