The failure of such banks can lead to losses for depositors, which is 1/2  BIS central bankers' speeches  challenging for depositor confidence and financial stability. The significant differences in national legal regimes for the liquidation of banks make the issue even more challenging.
In one Member State, depositors may find on a Monday morning that their deposits were transferred to an acquiring bank over the weekend and they can continue to access their deposits as if nothing had happened. In another Member State, this type of best practice transfer tool may not be available. Covered depositors must wait for a pay-out by their national deposit guarantee scheme.