Fonds de Garantie des Depots et de Resolution

What Fonds de Garantie des Depots et de Resolution does

The Fonds de Garantie des Dépôts et de Résolution (FGDR) is a French public interest legal entity created by Law No. 99-532 of 25 June 1999 to serve as the sole crisis operator for the French banking and financial sector. It operates under the supervision of the ACPR (Prudential Supervision and Resolution Authority) and the AMF (Financial Markets Authority), with headquarters at 65 rue de la Victoire, Paris. The organization manages four distinct guarantee mechanisms: deposit guarantee (covering accounts up to €100,000 per customer per institution), securities guarantee (covering financial instruments up to €70,000 x2, up to €140,000 total), performance bonds guarantee for professionals, and asset management services guarantee (up to €20,000 per firm). All 465 member institutions (banks and financial establishments) that constitute the French banking sector are statutorily required to participate.

The FGDR's core technological infrastructure is the Single Customer View (SCV) system, a standardized file format transmitted annually by member institutions to enable rapid customer data aggregation and compensation calculation in the event of bank failure. Compensation is issued within 7 working days for deposit guarantee claims. Resources to fund the four mechanisms are derived from contributions by member institutions, with own funds standing at €7.745 billion and available resources exceeding €4.7 billion as of 31/12/2025. This pre-funded model is supplemented by participation in the European Single Resolution Fund (€24+ billion, expected to exceed €60 billion by 2025).

The FGDR operates as a non-profit public interest entity with no commercial revenue model and provides its services free of charge to eligible customers. Its customers are protected depositors, investors, and professionals holding financial instruments at member institutions, while the dues-paying members are the 465 French banks and financial establishments. The organization coordinates with French regulators (ACPR, AMF, Banque de France) and European bodies (EBA, ECB, Single Resolution Board) for crisis management, preventive intervention, and resolution activities. The entity is not publicly traded, has no parent company, and is funded solely through member contributions rather than external investment.

Name

Fonds de Garantie des Depots et de Resolution

Legal name

Fonds de Garantie des Dépôts et de Résolution

Website

https://garantiedesdepots.fr

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

11–50 employees

Short description

The Fonds de Garantie des Dépôts et de Résolution (FGDR) is the French statutory crisis operator for the banking and financial sector, managing four guarantee mechanisms — deposits, securities, performance bonds, and asset management services — to protect and compensate customers of its 465 member institutions in case of failure.

Ownership category

akta.pro rank

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Others

Revenue model

1. Contributions from member institutions: Financial participation of FGDR member institutions (banks and financial establishments) to fund the four guarantee mechanisms. Contributions are proportional to the risk profile and size of each institution.

Distribution channels1 record

Marketing channels6 records

Core offering

The FGDR manages four statutory guarantee mechanisms under one organization: (1) Deposit Guarantee compensating depositors up to €100,000 per customer per institution within 7 working days, (2) Securities Guarantee compensating investors up to €70,000 x2 per customer per institution, (3) Performance Bonds Guarantee covering professionals, and (4) Asset Management Services Guarantee up to €20,000 per portfolio management firm. It also conducts preventive intervention to avoid bank failures and coordinates with European resolution bodies.

Product overview

The FGDR (Fonds de Garantie des Dépôts et de Résolution) is a French public service operator that manages four distinct guarantee mechanisms to protect customers of banking and financial institutions. These four core products are: (1) Garantie des Dépôts - deposit guarantee covering accounts up to €100,000; (2) Garantie des Titres - securities guarantee covering financial instruments up to €70,000; (3) Garantie des Cautions - performance bonds guarantee for business professionals; and (4) Garantie des Services des Sociétés de Gestion - asset management services guarantee up to €20,000. The FGDR operates as a unified public service institution offering these guarantee mechanisms, intervening in case of banking or financial institution failure either preventatively or through compensation.

Differentiator

Problem solved

Functional benefit

Products and services

• Garantie des Dépôts (Deposit Guarantee) Compensates depositors up to €100,000 per person per credit institution within 7 working days when an institution can no longer meet its commitments. Covers savings accounts, current accounts, term deposits, home savings accounts (CEL, PEL), Livret A, LDDS, LEP, and Livret Jeune. Available to all clients of FGDR member banks including individuals, businesses, and professionals.
• Garantie des Titres (Securities Guarantee) Compensates investors up to €70,000 x2 per client per institution (up to €140,000 total) when an investment services provider fails and cannot return or reimburse securities. Covers financial instruments such as stocks, bonds, and UCITS units, along with associated cash accounts. Available to investors at banks and investment firms adhering to FGDR.
• Garantie des Cautions (Performance Bonds Guarantee) Covers performance bonds issued by credit institutions in favor of business professionals, compensating covered parties when a failed institution can no longer honor its guarantees toward the public. Designed for professionals (including regulated professions and contractors) who are required to provide performance bonds to their own clients or administrative authorities.
• Garantie des Services des Sociétés de Gestion (Asset Management Services Guarantee) Covers the inability of a bankrupt portfolio management firm to repay or return financial instruments and cash held on behalf of clients, up to €20,000 per asset management company. Available to clients of French asset management companies (sociétés de gestion de portefeuille) adhering to FGDR.

Quantifiable outcome

• Compensation issued within 7 working days for deposit guarantee
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Seven partnerships are on record, tiered core and major.

• ACPR (Autorité de Contrôle Prudentiel et de Résolution)coreStrategic or Co-development PartnerFrench banking and insurance supervisory authority that declares bank failures and triggers FGDR compensation procedures. FGDR operates under ACPR oversight and the Chairman's appointment requires ACPR approval.
• AMF (Autorité des Marchés Financiers)coreStrategic or Co-development PartnerFrench financial markets regulator that authorizes and oversees investment firms and asset management companies covered by FGDR investor compensation and guarantee of services mechanisms.
• Banque de FrancecoreStrategic or Co-development PartnerCentral bank of France involved in banking supervision and monetary policy. Cooperates with FGDR in crisis management and resolution activities.
• EBA (European Banking Authority)coreStrategic or Co-development PartnerEU authority ensuring effective and consistent prudential regulation across European banking sector. FGDR coordinates with EBA on regulatory standards and crisis management.
• ECB (European Central Bank)coreStrategic or Co-development PartnerCentral bank of the euro area operating within Eurosystem and Single Supervisory Mechanism. FGDR participates in resolution activities under ECB oversight for significant institutions.
• Single Resolution Board (SRB)coreStrategic or Co-development PartnerEuropean body managing the Single Resolution Fund (SRF) for resolving failing banks in the euro area. FGDR contributes to and participates in European resolution mechanisms.
• FBF (Fédération Bancaire Française)majorChannel Partner/ Reseller/ DistributorFrench Banking Federation representing banking profession interests. As founding member, provides liaison between banking categories and FGDR for guarantee scheme implementation.

Scale indicators8 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Einlagensicherungsfonds (German Deposit Protection): Germany's deposit protection system operated through the Association of German Banks (BdB) provides voluntary deposit protection beyond the statutory minimum. It is comparable to FGDR in serving the German banking sector's deposit guarantee needs, though structured as voluntary rather than statutory protection.
• Fondo Interbancario di Tutela dei Depositi (FITD): FITD is Italy's voluntary interbank deposit protection fund, providing deposit guarantee and bank crisis intervention services. It is comparable to FGDR as a peer European DGS operating under EU harmonized regulations, though with a voluntary membership structure and smaller scale than FGDR's statutory mandate.
• Canadian Deposit Insurance Corporation (CDIC): CDIC is Canada's federal deposit insurance corporation protecting deposits at member banks. It is comparable to FGDR in mandate (deposit guarantee, bank resolution), regulatory structure, and statutory mandate, though focused primarily on deposit guarantee rather than the broader multi-mechanism scope of FGDR.
• Fondo de Garantía de Depósitos (FGD): FGD is Spain's deposit guarantee fund covering deposits, securities, and insurance products at Spanish credit institutions. It is directly comparable to FGDR through its multi-mechanism structure covering deposits and investment products, operating under similar EU regulatory frameworks with comparable statutory mandate.
• Financial Services Compensation Scheme (FSCS): The FSCS is the UK's statutory compensation scheme providing protection for deposits, investments, insurance, and mortgage advice. It is the most direct peer to FGDR due to its multi-mechanism structure covering deposits, investments, and insurance—all akin to FGDR's four guarantee schemes.
• De Nederlandsche Bank DGS: Dutch deposit guarantee scheme administered by De Nederlandsche Bank, providing coverage for Dutch bank deposits. It is a peer European DGS operating under the same EU Deposit Guarantee Schemes Directive as FGDR, with comparable mandate for protecting Dutch banking sector depositors.

Others

• Single Resolution Board (SRB): The SRB is the European authority responsible for resolving failing banks in the Banking Union, operating in coordination with FGDR for significant institutions. It is an adjacent/partner institution rather than a direct competitor, sharing the bank resolution mandate at the supranational level with FGDR at national level.

Broad incumbents

• Federal Deposit Insurance Corporation (FDIC): The FDIC is the US deposit insurance corporation providing deposit guarantee coverage to American bank depositors. It is directly comparable to FGDR in mandate (deposit guarantee, bank resolution, consumer protection) but operates at significantly larger scale with broader powers including bank supervision and receivership.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/fgdrfrance
• YouTubeyoutube.com/channel/UCeWf_f9ldBSVgRFHHbTaIDg
• Facebookfacebook.com/LeFGDR
• LinkedInfr.linkedin.com/company/fonds-de-garantie-des-d%C3%A9p%C3%B4ts-et-de-r%C3%A9solution

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Fonds de Garantie des Depots et de Resolution