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Europe Daily Bulletin No. 9919

12 June 2009
Contents Publication in full By article 20 / 30
GENERAL NEWS / (eu) eu/financial services
Commission examines idea of Community deposit guarantee scheme in case of bank bankruptcy

Brussels, 11/06/2009 (Agence Europe) - The European Commission has launched a public consultation exercise until 27 July on review of European rules relating to deposit guarantee schemes. Urgently revised in autumn 2008 at the height of the financial crisis (see EUROPE 9850), Directive 1994/19/EC covers reimbursement (maximum €50,000 as of July 2009 and €100,000 as of January 2011) for persons making savings deposits in banks that have failed. Views received from the public will fuel...

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