the scope of coverage and the types of deposits covered

that any insured depositors would be fully protected; and

the scope of coverage and the types of deposits covered;

(c) the Corporation is satisfied that the credit union will be unable to make payment in full, without delay, in respect of any deposits insured by deposit insurance;

(c) the Authority is satisfied that the credit union will be unable to make payment in full, without delay, in respect of any deposits insured by deposit insurance;

(c) the Corporation is satisfied that the credit union will be unable to make payment in full, without delay, in respect of any deposits insured by deposit insurance;

By 2024, all reserves held in each country's deposit guarantee fund must equal at least 0.8% of all deposits covered.

As the protection of covered depositors is one of the most important objectives of resolution, covered deposits should not be subject to the exercise of the bail-in tool.

While covered deposits are protected from losses in resolution, other eligible deposits are potentially available for loss absorbency purposes.

(c) the Corporation is satisfied that the credit union will be unable to make payment in full, without delay, in respect of any deposits insured by deposit insurance;

In order to protect holders of covered deposits, the bail-in tool should not apply to those deposits that are protected under Directive 2014/49/EU.

National systems would be supplemented with a European deposit insurance fund, equivalent by 2024 to 0.8% of the deposits covered under the Banking Union.

Based on model-calculation, an optimal minimum target fund level is set at 1% of covered deposits.

The DGS contribution must be made in cash in order to absorb the losses pertaining to covered deposits.

The funds will have to build up sufficient capacity to reach 1% of covered deposits in 10 years.