AI Summary of Article 16a Information exchange between credit institutions and DGSs, and reporting by authorities
Member States must ensure credit institutions maintain at all times and, on request, provide to their deposit guarantee scheme (DGS) all information necessary for stress testing and for preparing deposit repayments pursuant to Article 4(10) and the identification requirement in Article 5(4), including information for Articles 8(5), 8b and 8c. Credit institutions must also provide, on request, equivalent information regarding depositors at branches in other Member States or in third countries and depositors receiving services under the freedom to provide services, indicating the Member State or third country locations.
By 31 March each year DGSs must inform EBA of covered deposit amounts and available financial means as at 31 December, including the share of borrowed or lent resources and payment commitments, and timelines to reach target levels if funds have been disbursed. Designated authorities must notify EBA without undue delay of unavailable deposits, deposit repayments or measures applied, amounts used and recovered, costs and recovery duration, alternative funding arrangements and their use, and any DGSs ceasing or being established. Notifications on disbursements must summarise the initial situation, measures and instruments used and the expected amount. EBA shall publish the information received except where regarded as confidential, require resolution authorities to provide DGSs with summaries of resolution plans (with permitted exclusions), and develop draft implementing technical standards specifying procedures and minimum content for the required information, to be submitted to the Commission by 11 May 2027 for adoption under Regulation (EU) No 1093/2010.
Article 16a Information exchange between credit institutions and DGSs, and reporting by authorities
1. Member States shall ensure that credit institutions maintain at all times and, upon request, provide to the DGS to which they are affiliated all information necessary to carry out the stress testing referred to in Article 4(10) and to prepare for a repayment of deposits, in accordance with the identification requirement laid down in Article 5(4), including the information for the purposes of Article 8(5) and Articles 8b and 8c.
2. Member States shall ensure that credit institutions, upon request, provide to the DGS to which they are affiliated the information referred to in paragraph 1 regarding:
(a) depositors at branches of those credit institutions in other Member States or, where those deposits are covered by the DGS, in third countries;
(b) depositors who are recipients of services provided by affiliated credit institutions on the basis of the freedom to provide services.
The information referred to in points (a) and (b) of the first subparagraph shall indicate the Member States or third countries in which those branches or depositors are located.