There is unfortunately no clear, upfront guarantee of deposits in place, which creates uncertainty in the event of a payout about the deposits that will be compensated and to what amounts. Such decisions are often arbitrary, depending on the circumstances at the time.
Furthermore, even if deposits are paid out, it can be a lengthy process to actually execute the payments in the absence of readily available depositor information and payout mechanisms. This can cause prolonged periods of hardship for depositors who do not have access to their bank accounts.