The Fonds de garantie des dépôts Luxembourg is Luxembourg's deposit guarantee scheme, established under the law of 18 December 2015 implementing the EU Deposit Guarantee Schemes Directive. It covers eligible deposits up to EUR 100,000 per depositor per institution, regardless of the number of accounts, the currency or the depositor's nationality. When a court orders liquidation or suspension of payments at a member institution, the FGDL obtains depositor data from the failing bank and reimburses covered deposits by transfer, within seven working days of verification.
What the FGDL publishes
- Reimbursement notices when a member institution fails, with procedures for affected depositors
- Coverage rules and eligibility criteria, including which deposits fall outside protection
- FAQs, glossaries and detailed compensation procedures
- Information on specific past cases
Why it matters for compliance teams
The FGDL publishes little in ordinary times, which is exactly what makes its activity meaningful — a notice usually means an institution has failed. For banks, the operational obligation runs the other way: member institutions must maintain single customer view data capable of supporting a seven-day payout, and that requirement is audited.
Seqlense DOC tracks FGDL notices alongside CSSF requirements and the SRB's resolution framework, so a Luxembourg bank can see depositor protection and resolution obligations together.