meta_id 2967727

On 13 March 2026, the Central Bank of Ireland launched a consultation on changing the methodology for calculating annual contributions to the Deposit Guarantee Scheme (DGS) from a flow-based approach to a stock-based approach, effective from Q3 2026. The Central Bank is designated as the national authority responsible for administering the DGS under Directive 2014/49/EU (the DGS Directive), transposed into Irish law through Statutory Instrument No. 516 of 2015 (the DGS Regulations). The proposed change follows the European Banking Authority's (EBA) publication of new guidelines, EBA/GL/2023/02 (2024 EBA Guidelines), which became applicable from 3 July 2024. The shift to a stock-based approach is now feasible given that the Irish DGS has reached its minimum target level of 0.8 percent of covered deposits in the State. Under the stock-based methodology, member institutions' contributions will more closely reflect changes in their individual risk profiles and the level of covered deposits they hold. The new approach aims to make contribution requests more proportionate for member institutions. Additionally, the stock-based method introduces the possibility that a member institution's past contributions could place it in credit against future contributions, providing potential financial relief for certain participants. Member institutions are invited to submit their views on this proposal to the Central Bank by 5pm on Friday, 17 April 2026. The consultation paper (CP167) is available on the Central Bank's website.