Brussels, 24/05/2011 (Agence Europe) - On Tuesday 24 May, the European Parliament's economic and monetary affairs committee adopted a draft report by Peter Simon (S&D, Germany) on the updating of EU legislation covering national savings guarantee systems (see EUROPE 10173 and 10169), recommending such systems be funded in advance of any crisis to the tune of 1.5% of the savings covered by the scheme within 15 years and a speeding up of the time it takes to reimburse savers if the bank or...