Recital 42

(42) It is necessary to ensure equal protection of depositors across the Union that cannot be fully guaranteed by an equivalence assessment regime of depositor protection in third countries. For that reason, branches in the Union of a credit institution that has its head office in a third country should join a DGS in the Member State where they perform their deposit-taking activity. That requirement would also ensure consistency with Directives 2013/36/EU and 2014/59/EU which aim to introduce a more robust prudential and resolution framework for third-country groups providing banking services in the Union. Conversely, exposure of DGSs to the economic and financial risks of third countries should be avoided. Deposits in branches established in third countries by Union credit institutions should therefore not be protected, unless Member States decide that deposits in those branches are to be covered.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-08 · Text as adopted (Official Journal); later amendments are not incorporated in this text.