The EC will present proposals on the scheme of Deposit insurance in banks of the EU

The EC will present proposals on the scheme of Deposit insurance in banks of the EU


A unified scheme of Deposit insurance will help to instill in people confidence that their savings are safe, regardless of what European banks they are located, said Deputy Chairman of the European Commission Valdis Dombrovskis.

BRUSSELS, 21 Oct. Alexander Shishlo. The European Commission by the end of the year will present legislative proposals on a common scheme of Deposit insurance in the European Union, which will be based on the mechanism of reinsurance, said Wednesday the Vice-President of the European Commission Euro and social dialogue Valdis Dombrovskis.

“The European Commission by the end of the year will present legislative proposals on the scheme of Deposit insurance,” he told reporters in Brussels.

According to Dombrovskis, “people should be assured that their savings are safe, regardless of what European banks they are”.