Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-16-Speech-4-225-500"
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"en.20120216.23.4-225-500"2
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"As recent events in Lithuania have demonstrated, adequate depositor protection when a credit institution becomes insolvent is a very important instrument for ensuring citizens’ confidence both in the banking system itself and the country controlling this system. However, I would like to focus on a few points that received little attention in this report. The main thing, as the approved document rightly observes, is proper supervision of commercial banks by national authorities and a timely response to possible alarms. The second thing is the need to have objectives for financial instruments falling within the deposit guarantee scheme, a list of applicable criteria and the assurance that clients will be given accurate and detailed information about the guarantees enjoyed."@en1
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