EU banking watchdog backs away from single deposit insurance scheme
The FT reports that Europe's banking watchdog has retreated from its push for a unified deposit insurance scheme.
Confirmed
- The FT reports the EU banking watchdog is veering away from a single deposit insurance scheme
- The FT reports the watchdog has retreated from its push for unified deposit insurance
Not yet known
- Whether the EU banking watchdog has formally dropped its push for a single scheme
- What alternative approach the watchdog will pursue instead
What we know
The FT reports that the EU banking watchdog is veering away from a single deposit insurance scheme, a move also flagged by market news accounts citing the FT.
Sources
@FT
“EU banking watchdog veers away from single deposit insurance scheme”
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“European Banking Watchdog Retreats From Push for Unified Deposit Insurance Scheme, FT Says”
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