Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-16-Speech-4-226-500"
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"en.20120216.23.4-226-500"2
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"I voted for this report on the deposit guarantee schemes (DGSs) existing in the various EU Member States. The current system provides for compensation for depositors up to the coverage level of EUR 100 000 per depositor. The maximum time limit for paying compensation to depositors is 30 working days. This report acknowledges the heterogeneity of the various banking markets in the EU and proposes a differentiated approach, involving the setting of common requirements applicable to all DGSs, while ensuring sufficient flexibility with regard to the specific way in which they operate. The intention is to ensure common requirements applicable to DGSs, providing uniform protection, ensuring equal stability and avoiding distortions of competition, but also the greatest flexibility possible in how these schemes are organised; this will enable their adaptation to national features of financial markets. Since its purpose is effectively protecting depositors and guaranteeing the stability of the financial system, I voted for this report."@en1
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