EU Lawmakers Seek Annual Levy on Banks to Protect
23.02.12 / Fake Cartier Watches / Author: admin
Tags: Lightweight Jackets, Wear to Work
By Jim Brunsden
Feb. 16 (Bloomberg) — Banks should be forced to pay into government funds that would be tapped to reimburse depositors at failed lenders, under plans approved in a vote by European Union lawmakers today.
The measures are part of a draft law that the EU intends will bolster protection of savers and prevent bank runs such as that experienced by Northern Rock Plc in 2007.
The draft law would shield a depositor from losses on savings of as much as 100,000 euros ($130 Wear to Work,000) and set Lightweight Jackets, from 2017, a reimbursement deadline of one week.
Governments should manage bank-funded reserves equivalent to 1.5 percent of protected deposits, according to proposals approved by the European Parliament, voting in Strasbourg. Banks judged by regulators to be most at risk of failure would be forced to pay higher annual contributions into the funds than other lenders.
Today’s vote will be parliament’s negotiating position on the draft law, which must be agreed on with national governments before it can enter into force.
–Editors: Peter Chapman
To contact the reporter on this story: Jim Brunsden in Brussels at jbrunsden@bloomberg.net
To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net
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