48. Pursuant to the general principle of protection of savings, when assessing whether the …

Pursuant to the general principle of protection of savings, when assessing whether the expression ‘”take” deposits or other repayable funds from the public’ is met, competent authorities should make sure, among other things, that the applicant credit institution’s business model (and thus its funding structure) covers receiving and/or holding such deposits and other repayable funds until repaid in full. Repayment in full relates to the principal amount with any accrued interests, if any.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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