New EU law to shield small savers in bank rescues

Series Title
Series Details 21.05.13
Publication Date 21/05/2013
Content Type

A draft law that a group of European Union lawmakers voted for on the 20 May 2013 would shield small depositors from losing their savings in future bank rescues, but customers with more than €100,000 in savings when a bank failed could suffer losses.
Source Link Link to Main Source http://www.euractiv.com/euro-finance/new-eu-law-shield-small-savers-b-news-519846
Related Links
EUObserver, 21.05.13: MEPs vote to protect small bank depositors http://euobserver.com/economic/120169
ESO: Background Information: European Council, Brussels - 22 May 2013 http://www.europeansources.info/record/european-council-brussels-22-may-2013/
ESO: Background Information: EU finance ministers talk banks, loan tranches and Slovenia http://www.europeansources.info/record/eu-finance-ministers-talk-banks-loan-tranches-and-slovenia/
ESO: Background information: Germany softens stance on EU treaty change http://www.europeansources.info/record/germany-softens-stance-on-eu-treaty-change/
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