Updated 05/02/2025
In force

Initial Legal Act
Amendments (1)
There is currently no Level 2 legal act based on or specifying Article 108.
QA2015_1827 - Other topics
Status: Final
Updated: 26/03/2021
Art. 108(1)(a)
QA2015_2452 - Interactions with the DGS and the BRRD
Status: Final
Updated: 26/03/2021
Art. 108(1)(a)
FAQ57 - Bail-in Tool
Status: Final
Answered: 29/09/2020
Art. 108(2)
FAQ73 - Other BRRD Provisions
Status: Final
Answered: 02/12/2020
Art. 108(2)(c)
Merkblatt zu § 46f KWG
Published: 03/05/2019
Art. 108
Response to the EC's Consultation on the Crisis Management and Deposit Insurance Framework Review
Published: 20/04/2021
Art. 108(1)
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BRRD ToolBank Recovery and Resolution Directive (BRRD)
Article 108

Article 108 - Directive 2014/59/EU (BRRD)

Article 108

Ranking of deposits in insolvency hierarchy

Member States shall ensure that in national law governing normal insolvency proceedings:

(a)

the following have the same priority ranking which is higher than the ranking provided for the claims of ordinary unsecured, non-preferred creditors:

(i)

that part of eligible deposits from natural persons and micro, small and medium-sized enterprises which exceeds the coverage level provided for in Article 6 of Directive 2014/49/EU;

(ii)

deposits that would be eligible deposits from natural persons, micro, small and medium–sized enterprises were they not made through branches located outside the Union of institutions established within the Union.

(b)

the following have the same priority ranking which is higher than the ranking provided for under point (a):

(i)

covered deposits;

(ii)

deposit guarantee schemes subrogating to the rights and obligations of covered depositors in insolvency.