The “European Forum of Deposit Insurers – Association of European Deposit Guarantee Schemes and Investor Compensation Schemes”, abbreviated “EFDI, is an international non-profit association.
EFDI’s membership currently stands at 69 Member Institutions, i.e. 58 Deposit Guarantee Schemes and 11 Investor Compensation Schemes, from 45 countries from the Member States of the Council of Europe.
The purpose of the Association is to contribute to the stability of financial systems by:
- strengthening the role of deposit guarantee schemes (DGSs) and promoting European cooperation in the field of deposit insurance;
- strengthening the role of investor compensation schemes (ICSs) and promoting European cooperation in the field of investor compensation;
- promoting European cooperation in the field of resolution of financial services firms;
- facilitating discussion and exchange of expertise and information on issues of mutual interest and concern.
To that effect, the Association shall have the right to develop, alone or in collaboration with third parties, directly or indirectly, all activities related, directly or indirectly, to its purpose.
The Association shall in particular develop the following activities subject to respective national applicable legislation, in particular regarding the protection of data:
- represent the common interests of the Members;
- exchange information, experiences and views, and provide analysis, assessment and recommendations in its field of expertise, and collaborate with EU, national, supranational and international institutions, which are active or involved in deposit insurance, investor compensation and resolution of financial services firms;
- consider the application of EU legislation, standards and guidance and any proposed changes thereto;
- consider cross-border issues, including improvements in cooperation between the countries from which the Members originate;
- conduct research and collect data in the field of deposit insurance and investor compensation and resolution of financial services firms;
- provide information to countries from which the Members do not originate, to third parties and to the general public;
- create working groups and/or committees;
- organise and arrange congresses, seminars and other events for the Members and other interested parties.