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.