Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-16-Speech-4-215-500"
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"en.20120216.23.4-215-500"2
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"Currently, the national deposit guarantee schemes (DGSs) existing in the EU reimburse depositors in the event of failure of a credit institution, up to a coverage level of EUR 100 000 per depositor. The maximum time limit for payment is 30 working days. This system ensures the confidence of depositors, but if it is not sufficient to protect them credibly and to guarantee related repayments, it is the Member States and their taxpayers that will bear the cost of the bankruptcy of credit institutions. This report, for which I voted, proposes a differentiated approach, involving the setting of common requirements applicable to all DGSs, while ensuring sufficient flexibility with regard to the specific way in which they operate. It introduces concrete measures relating to common requirements for comprehensive protection of depositors and equal stability of DGSs within the EU; flexibility in terms of prevention and support measures that ensure stability; realistic time limits for payments, in the interests of depositors; and European DGSs and the promotion of European cooperation. The purpose of these measures is to guarantee common requirements for DGSs enabling uniform protection conditions, a single level of stability and no disruption of competition."@en1
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