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statutory deposit insurance (contribute to statutory deposit insurance since 2008 (Central Bank of Ireland, 2010). In contrast, chancellor George Osborne has stated that UK deposits carry no implicit guarantee beyond statutory deposit insurance. Statutory deposit insurance, along the lines of compulsory car insurance, may be the answer here. ... no bail out of shareholders; and any assistance given to savers must be strictly limited to the terms of the statutory deposit insurance scheme. UK Alexander Demidov); compulsory deposit insurance (more UK hits – The European Union adopted in 1994 – against the vote of Germany – a mandate to establish compulsory deposit insurance schemes in all member countries. The EU Directive on Deposit Guarantee Schemes requires member countries to offer compulsory deposit insurance. The Government does not favour compulsory deposit insurance. This is difficult to price and blunts incentives for both financial institutions and ... DV Alexander Demidov) |
