Depositors will trust EU guarantee despite Cyprus, says Banque de France official

Tom Osborn
22 Mar 2013

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Despite plans to finance a bailout of the Cypriot banking industry with bank deposits, European Union (EU) policy-makers will push ahead with a new EU deposit guarantee – part of plans for a banking union – attendees at the Risk Annual Summit heard yesterday.

"We clearly hope that the two other parts [to banking union in addition to the Single Supervisory Mechanism (SSM)] – resolution and the deposit guarantee scheme – will come very quickly, because as the Cyprus situation has shown, it's

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected]m or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]