Gibraltar has a pre-financed Deposit Guarantee Scheme to protect depositors. The Gibraltar Deposit Guarantee Scheme raises ex-ante contributions annually through a risk-based methodology from members in order to reach statutory target levels of funding. The FSRCC, as the ‘Designated Authority’ for the Gibraltar Deposit Guarantee Scheme, is required to calculate risk-based DGS contribution into the fund based on the EBA guidelines “on methods for calculating contributions to DGS”.
The document attached below outlines the methodology and approach taken with regards to the calculation of the Gibraltar Deposit Guarantee Scheme contributions, with the intention of providing increased clarity and transparency for firms.
