EDIS exposure

• Author: Dobkowitz, Sonja; Evrard, Johanne; Carmassi, Jacopo; Silva, André; Parisi, Laura; Wedow, Michael
• Pages: 16-23

ECB Occasional Paper Series No 208 / April 2018

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4 EDIS exposure

4.1 Data on covered deposits

The analysis uses Bankscope data and supervisory data from COREP (Common

Reporting) and FINREP (Financial Reporting) for 2015:Q4 on covered deposits and

balance sheet indicators to estimate EDIS exposure to bank failures and

contributions to EDIS at bank level. The conclusions of the analysis are therefore

based on the assumption that the banks’ balance sheet structure remains the same

until EDIS has been fully introduced. The sample scrutinised comprises 1,675 euro

area banks with total assets of €22.14 trillion, which amounts to about 75% of total

assets of credit institutions in the euro area, and €4,744 billion of covered deposits,

corresponding to about 83% of covered deposits in the euro area. The sample can

be considered as representative, both in terms of total assets and covered

deposits.22 The target size of the DIF for the sample is approximately €38 billion. The

box plot in Chart 1 shows the distribution of covered deposits per total assets within

each country in the euro area as of year-end 2015. There is generally heterogeneity

across countries both in terms of median and in terms of dispersion. German banks

have the highest median of covered deposits per total assets in the euro area, but

also considerable variation in the amount of covered deposits relative to their

balance sheet size.

Chart 1

Distribution of covered deposits to total assets by country

(in %)

Sources: ECB calculations based on COREP for 1,675 banks, reporting date 2015:Q4.

Notes: The bottom and top of the box represent the first and third quartiles of the within-country distribution, while the band inside the

box is the second quartile (median). The ends of the whiskers are the maximum and minimum values excluding outliers. Outliers are

represented by diamonds.

22 The degree of representativeness of the sample at country level is, however, heterogeneous. For

example, the coverage ratio in terms of total assets is 77% for Germany and France, 62% for Italy, 83%

for the Netherlands, 88% for Greece, 65% for Belgium, 43% for Austria, 34% for Ireland and 24% for

Cyprus.

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