fonds de garantie des dépôts et de résolution

Fonds de garantie des dépôts et de résolution (FGDR)

General introduction and mission

The Fonds de Garantie des Dépôts et de Résolution (FGDR), created by law in 1999, protects customers when a banking institution fails.
The "Garantie des Dépôts", a deposit guarantee scheme, covers deposit and savings accounts up to €100,000 (excluding Livret savings accounts guaranteed by the French government). The "Garantie des Titres", an investor guarantee scheme, covers all financial instruments up to €70,000. The "Garantie des Cautions", a bank collateral guarantee scheme, covers guarantee commitments by business professionals who are required by law to provide a guarantee to their customers.

The FGDR may also intervene in resolution prior to bank failure, to protect customers from the consequences of bank failure.