Sistemas de Garantía de Depósitos: Impacto de la propuesta de la UE en el sector bancario español

  1. Gómez Fernández-Aguado, María Pilar
  2. Partal Ureña, Antonio
  3. Trujillo-Ponce, Antonio
Journal:
Universia Business Review

ISSN: 1698-5117

Year of publication: 2013

Issue: 37

Pages: 86-103

Type: Article

DIALNET GOOGLE SCHOLAR lock_openDialnet editor

More publications in: Universia Business Review

Abstract

This paper analyzes the impact on the Spanish banking system of the European Commission�s proposal for a new Directive on Deposit Guarantee Schemes (DGS). To do this, we examine the risk profile of Spanish banks according to the parameters defined by the European Directive over the period 2007-2010. Then we compare the current contributions to the DGS fund with those expected in the proposed system. We conclude that Spanish commercial and saving banks would have been more damaged than credit cooperatives with the implementation of the proposed rules. We also find that most banks increase their contributions to the DGS fund, suggesting a cyclical behavior of the new model.

Bibliographic References

  • Acharya, V. V.; Yorulmazer, T. (2008) "Cash-in-the-market pricing and optimal resolution of bank failures", Review of Financial Studies, Vol 21, núm. 6, p. 2705-2742.
  • Acharya, V. V.; Santos, J. A. C.; Yorulmazar, T. (2010) "Systemic risk and deposit insurance premiums", FRBNY Economic Policy Review, p. 89-99.
  • Allen, F.; Gale, D. (2000) "Financial contagion", Journal of Political Economy, Vol. 108, núm.1, p. 1-33.
  • Allen, F.; Carletti, E.; Leonello, A. (2011) "Deposit insurance and risk taking", Oxford Review of Economic Policy, Vol. 27, núm. 3, p. 464-478.
  • Cardone Riportella, C. (1996) "El seguro de depósitos: incentivos y deseconomías de la regulación comunitaria", Información Comercial Española, núm 753, p. 125-137.
  • Comisión Europea (2009): "Possible models for risk-based contributions to EU deposit guarantee schemes", Bruselas, Junio.
  • Comisión Europea (2010): "Proposal for a Directive on deposit guarantee schemes of the European Parliament and of the Council", COM(2010)368 final, Bruselas, Julio.
  • Comité de Supervisión Bancaria de Basilea; Asociación Internacional de Aseguradores de Depósitos (2009): "Core principles for effective deposit insurance system", Bank for International Settlements Publications, Basilea, Junio.
  • Comité de Supervisión Bancaria de Basilea; Asociación Internacional de Aseguradores de Depósitos (2010): "Core principles for effective deposit insurance systems: A proposed methodology for compliance assessment", Bank for International Settlements Publications, Basilea, Noviembre.
  • Jarrow, R. A.; Madan, D. B.; Unal, H. (2006): "Designing countercyclical and risk based aggregate deposit insurance Premium", Federal Deposit Insurance Corporation, Center for Financial Research, Working Paper.
  • Ioannidou, V. P.; Penas, M. F. (2010) "Deposit insurance and bank risk-taking: Evidence from internal loan ratings", Journal of Financial Intermediation, Vol. 19, núm. 1, p. 95-115.
  • Merton, R. C. (1977) "An analytic derivation of the cost of deposit insurance and loan guarantees: An application of modern option pricing theory", Journal of Banking and Finance, Vol. 1, núm. 1, p. 3-11.
  • Morrison, A. D.; White, L. (2011) "Deposit insurance and subsidized recapitalizations", Journal of Banking and Finance, Vol. 35, núm. 12, p. 3400-3416.
  • O'hara, M.; Shaw, W. (1990) "Deposit insurance and wealth effects: The value of being 'Too Big to Fail", Journal of Finance, Vol. 45, núm. 5, p. 1587-1600.
  • Pennacchi, G. G. (2005) "Risk-based capital standards, deposit insurance, and procyclicality", Journal of Financial Intermediation, Vol. 14, núm. 4, p. 432-465.
  • Unión Nacional de Cooperativas de Crédito (2011) "Legislación", Revista Banca Cooperativa, Vol. 50.
Data source: Dialnet