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Europe Daily Bulletin No. 9850

28 February 2009
Contents Publication in full By article 23 / 38
GENERAL NEWS / (eu) eu/financial services
Directive on savings guarantee schemes comes onstream

Brussels, 27/02/2009 (Agence Europe) - On Friday 27 February 2009, the Council adopted the draft directive on national guarantee schemes for individual customers' savings (see EUROPE 9806), bringing it into law. The new directive amends Directive 1994/19/EC by: - raising the minimum EU guaranteed deposit from €20,000 to €50,000 as from 30 June 2009, going up to €100,000 from 31 December 2010; - reducing the reimbursement deadline for individuals if their bank goes bankrupt (from 21 days...

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