Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-16-Speech-4-216-500"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20120216.23.4-216-500"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spokenAs | |
| lpv:translated text |
"The purpose of this directive on deposit guarantee schemes (DGSs) is to lay down common requirements for the various Member States on protecting depositors when a credit institution goes bankrupt. The proposal introduces pertinent issues as well as others about which we have concerns and serious reservations. The rapporteur proposes to increase the level of protection for depositors by establishing the legal right to a maximum reimbursement of EUR 100 000 and a shorter time limit for repayment.
On the other hand, this directive is another step towards full implementation of the EU internal market in financial services, which is a very sensitive area for a huge number of current reasons. The rapporteur’s proposal even leaves the way open for merging the DGSs of various Member States and for creating separate cross-border schemes on a voluntary basis. It also fails to specify which institutions are responsible for financing DGSs. It cannot be the state, otherwise known as the taxpayer, that suffers the consequences of credit institutions’ failure when DGSs have not worked well enough. The directive should ensure that this issue is covered."@en1
|
Named graphs describing this resource:
The resource appears as object in 2 triples