Deposit Protection Schemes
Abstract This chapter reviews deposit protection arrangements which come into operation on the insolvency of a bank. It covers EU law requirements in the field of deposit protection; the implementation of those requirements in the UK by means of the Financial Services Compensation Scheme; the revisi...
| Main Author: | |
|---|---|
| Format: | Book Part |
| Language: | English |
| Published: |
Oxford University Press
2015
|
| Subjects: | |
| Online Access: | http://dx.doi.org/10.1093/law/9780199685585.003.0013 https://academic.oup.com/book/57229/chapter/473861809 |
| Summary: | Abstract This chapter reviews deposit protection arrangements which come into operation on the insolvency of a bank. It covers EU law requirements in the field of deposit protection; the implementation of those requirements in the UK by means of the Financial Services Compensation Scheme; the revisions to the powers and role of that scheme made pursuant to Part 4 of the Banking Act 2009; and the legal aspects of the recent diplomatic rift between the UK and Iceland, following from deposit protection arrangements applicable to the UK branch of an Icelandic bank. |
|---|