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Deposit Guarantuee Scheme in DEX RS
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DEX Data Explorers launches DEX Regulatory Suite for the Deposit Guarantee Scheme (DGS), the regulation which guarantees (partial) reimbursement of deposits in case of a bank failure. Dutch National Bank is currently working with Dutch banks to achieve a faster payout by the DGS. The objective is to be able to reimburse depositors within seven working days by 2019. Banks are now preparing for the implementation of DGS. DEX Regulatory Suite for DGS collects the information needed for reporting to the regulator, calculates the guaranteed amounts, performs the validations and submits the reports and interface files to the regulator. DEX Regulatory Suite for DGS is part of the DEX Regulatory Suite, which among others also has solutions for CRD iv, Solvency2, MIFID ii, SFTR, AnaCredit, Residential Real Estate and Social Economic Reports.