Policy Statement

  1. EFDI is an international non-profit association, incorporated in Belgium. It has 56 full members, representing depositor insurers across Europe.
  2. The purpose of EFDI is to contribute to the stability of financial systems by promoting European co-operation in the field of deposit insurance and facilitating discussion and exchange of expertise and information on issues of mutual interest and concern.
  3. EFDI may:
    • create working groups and/or permanent committees,
    • consider the application of EU directives and any proposed changes,
    • be a partner of the European Commission.
  4. EFDI does not have the power to make binding pronouncements or create legitimate expectations on behalf of its members. EFDI may express the opinion of its members, or of the members of a sub-group, subject to the agreement of those members. The performance by EFDI of its activities, including the expression of the views of EFDI or it members on any particular issue, is without prejudice to the sovereignty of its members, including among other things, the performance by any member of its activities or the exercise of its powers under the applicable laws.
  5. EFDI has established an EU Committee comprised of the full members of EFDI from the EU member states. The EU Committee deals with:
    • the policy of EFDI concerning the legislation of the European Union on deposit insurance,
    • the submission of any document regarding the policy of EFDI to the European Commission on any institution of or related to the European Union,
    • the disclosure of any discussion of the members regarding the policy of EFDI to the European Commission or any other institution of or related to the European Union,
    • the representation of EFDI vis a vis the European Commission or any other institution of or related to the European Union with respect to the policy of EFDI.
  6. EFDI statements, reports etc. do not necessarily state or reflect the views of members’ national authorities or governments.
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