COUNCIL APPROVES AGREEMENT ON DEPOSIT GUARANTEE SCHEMES.
| Position | Brief article |
The EU Council approved, on 18 February, a political agreement with the European Parliament meant to further harmonise EU rules on deposit guarantee schemes (DGS) and to enhance depositor protection. The draft directive is a recast of legislation currently in place, the aim being to improve the protection provided to savers with "covered" deposits of up to 100,000. The main changes concern pay-out arrangements (time limit of 20 working days at present reduced to seven...
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