Response to consultation on draft Guidelines on retail deposits subject to different outflows for purposes of liquidity reporting

Go back

What is your view concerning the threshold proposed for high and very high value deposits? Please give your reasons.

The EBA has classified in its consultation non-branch deposits as high risk. We believe that not all non-branch deposits are riskier than deposits received through branches. For example, internet deposits could be more resilient than branch deposits as the evidence from Northern Rock shows that withdrawals from branches were higher compounded by the sight of queues outside the branches. We believe the critical element in keeping retail confidence lies more towards service level or the ability to respond to customers which is not covered in the consultation.

Name of organisation

Aldermore Bank Plc