European Deposit Insurance Scheme (EDIS)

The European Deposit Insurance Scheme (EDIS) is a proposed system designed to protect bank deposits across the European Union. It aims to ensure that savers' money, up to a certain amount, is safeguarded in case a bank fails. EDIS would complement existing national deposit insurance schemes, creating a more uniform safety net for depositors. By pooling resources and providing a common level of protection, EDIS helps enhance financial stability and trust in the banking system throughout Europe, especially during times of economic uncertainty. It is part of broader efforts to deepen the Economic and Monetary Union.