Esther de Lange MEP (EPP, Netherlands) has finished her report clarifying the European Parliament's position on the European Commission's proposal to bring in a European deposit insurance scheme (EDIS) below €100,000.
In its proposal, which was presented nearly a year ago (see EUROPE 11436), the Commission provides for EDIS to be phased in in three stages. Initially (2017-2020), a reinsurance system would cover only the losses that a national deposit guarantee scheme is unable to absorb....