🚨 The system faced its biggest test during the 90s banking crisis:
Illya Gerasymchuk
🚨 The system faced its biggest test during the 90s banking crisis:
• 110 financial institutions resolved
• Full deposit protection implemented
• Massive debt-based interventions
DICJ has met its insurance obligations, but at what cost? 🤔
🇯🇵🆚🇪🇺
Japan's & EU's deposit guarantee schemes differ⬇️
🇯🇵 DICJ: Active crisis manager (Act 34 of 1971)
🇪🇺 DGS: Mainly deposit protection (Directive 2014/49/EU)
Japan's approach = more intervention power & broader mandate
EU's approach = more focused mandate
