Brussels, 27/02/2015 (Agence Europe) - On 27 February, the European Commission opened an in-depth investigation to assess whether support measures granted by the Italian mandatory deposit guarantee scheme Fondo Interbancario di Tutela dei Depositi (FITD) in favour of the ailing Italian bank Banca Tercas were in line with EU state aid rules.
Deposit guarantee schemes are mandatory under EU law to ensure that covered deposits (up to €100,000) are paid out when a bank is liquidated and exits...