The Fonds de Garantie des Dép?ts et de Résolution (FGDR), created by law in 1999, protects clients when a banking institution fails. The Deposit Guarantee compensates depositors for an amount up to €100,000 per person, per institution. The Investors Guarantee compensates up to €70 000 per person, per institution, for securities (stocks, bonds, ). The FGDR can also intervene on a Resolution basis, before the institution fails.
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The Fonds de Garantie des Dép?ts et de Résolution (FGDR) compensates clients in the event that their bank, investment firm or financing company is declared as having failed and customers’ assets have become “unavailable”.