The Deposit Guarantee Scheme (DGS) in Sweden, known as Insättningsgarantin, is a legal authority designed to protect account holders in the event of a bank failure. Established under the Swedish National Debt Office (SNDO), the scheme ensures that depositors are reimbursed up to a certain limit, currently set at SEK 1,050,000 (approximately EUR 100,000). The need for deposit insurance stems from the importance of maintaining trust in the financial system. In the event of a bank’s insolvency, the DGS acts as a safety net, preventing bank runs and preserving financial stability.

Insättningsgarantin operates under the European Union’s Deposit Guarantee Schemes Directive (DGSD), which sets harmonized rules and regulations for member states. All credit institutions in Sweden, including banks and certain investment firms, are required to participate in the DGS. Funds for the scheme are collected through regular contributions from member institutions, based on their respective risk profiles. If a bank fails, the DGS steps in to cover the insured deposits, ensuring that depositors receive timely compensation without having to initiate individual legal actions.

The organizational structure of the Swedish DGS Administration is overseen by the Swedish National Debt Office (SNDO), which is responsible for managing and supervising the scheme. The SNDO works in close collaboration with other relevant authorities, such as the Swedish Financial Supervisory Authority, to ensure the efficient functioning of the DGS. To contact the Swedish DGS Administration, you can visit their website (www.riksgalden) or reach out to the SNDO directly at the following address:

Swedish National Debt Office (SNDO)
Jakobsbergsgatan 13 SE-103 74 Stockholm Sweden
Phone: +46 8 613 45 00
Email: [email protected]