BBA has responded to the Commission’s consultation on deposit guarantee schemes. It stresses the need for an extensive impact study and the effects on individual member states. It also says the consultation should take account of other legislative developments such as changes to the CRD and should not precede the supervisory structure changes at EU level. It says the funding model should stay a national choice. The Building Societies Association also responded, supporting a harmonised level of coverage at a higher level than currently, but taking account of institutions’ risk profiles.