- The Fonds de Garantie des Dépôts et de Résolution (FGDR) is a financial crisis operator.
- An organisation tasked with serving the public interest, the FGDR’s mission is to protect and compensate customers in the event that their bank or financial institution fails. By protecting customers' assets, the FGDR helps to ensure the stability of the French banking system.
- Working alongside the Prudential Supervision and Resolution Authority (ACPR), the Banque de France and the public authorities, its mission is to intervene in the management of bank crises, upstream, before an institution actually fails or, when necessary, downstream, by compensating the institution’s customers.
The FGDR: protection and confidence of banking and financial sector customers
Public confidence is necessary to ensure the stability of the banking and financial sector. The quality of its services and practices, as well as its soundness, must be the foundation on which this level of confidence is built.
By protecting customers of banks and financial institutions, the FGDR assures the public that, if a bank does fail, the interests of those who trusted it are protected. In doing so, it contributes to the stability of the banking and financial sector.
|1999||Mutua Equipement/Performance Bonds
||Takeover and enforcement of customers’ performance bonds|