Protection Scheme news and trends

Brexit Prompts EU Watchdog To Urge Protection Of Consumer Deposits

March 03, 2019
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Brexit Prompts EU Watchdog To Urge Protection Of Consumer Deposits

March 03, 2019
Ahead of the U.K.’s potential departure from the European Union, the bloc’s banking watchdog is imploring member states to protect the deposits of customers. While national deposit schemes cover bank deposits up to 100,000 euros, that protection does not cover branches of banks from not in the bloc, Reuters reported. The European Banking Authority said that […]