Abstract
The core objective of this article is to evaluate the harmonization level of the Turkish deposit insurance system with the EU Directive. Moreover, the article presents a brief hisrorical framework and the existlng structure of the deposit insurance system in Turkey. The results indicate that although the Turkish system has achieved a high level of harmonization with the EU Directive, it will require one major adjustment about the reimbursement period for the insured deposits in order ro comply with the cu rrent EU Directive. Furthermore, this article argues the need for updating the 1994 EU Directive on deposit insurance. In particular, the coverage limit for deposit insurance needs to be reconsidered and revised. Finally, the organizational structure and funding of the system requires standardization across the EU. Keywords: Deposit Insurance, Turkish Deposit Insurance System, EU Deposit Insurance Directive, The Financial Service Sector.
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