EU deposit guarantee schemes must improve – EBA
Rules must give more protection to depositors and address AML concerns, EBA says
The European Banking Authority recommended serious changes to the oversight of deposit guarantee schemes, (DGSs), saying some depositors have recently been left without access to funds.
The EBA made a series of recommendations to the European Commission, in an opinion published on October 30, on its implementation of the deposit guarantee schemes directive. The EC should make a number of changes to increase the protection and information given to depositors, enhance financial stability and
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