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Wmcz Cameron vows to defend City from EU rules
Friday 03 July 2015 8:42 amBank of England to trim protection for deposits as pound stays strongBy: Jessica MorrisShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleSavers will lose out when regulators trim the amount of customers deposits guaranteed by the UK government, thanks to the pound s appreciation against the euro.The Bank of England s Prudential Regulation Authority PRA has said the amount covered by the guarantee schemes will fall bypound;10,000 to pound;75,000 from 31 December.A rosier economic picture, as well as the ongoing Greek debt crisis, has increased the value of the pound against the euro. The PRA is required by the European Deposit Guarantee Schemes Directive to recalculate the Financial Servi <a href=https://www.polene-italy.it>polene borsa</a> ces Compensation Scheme FSCS deposit protection limit every five years and set it at a sterling amount eq <a href=https://www.owalas.com.de>owala deutschland</a> uivalent to pound;100,000, it said. The European scheme was first introduced when the Eurozone was in the grips of the global financial crisis. It was designed to stop savers moving money across different jurisdictions as a means of increasing protection.The pound;85,000 threshold had been in place since 2010, <a href=https://www.polenes.com.de>polene deutschland</a> and must be reviewed every five years to keep it in line with these rules.This is the first time the level of protection offered to savers has been changed since the global financial crisis ndash; when it was hiked to allay fears people would lose m Hfiw Mulberry bags profit but sees shares slump
Thursday 06 February 2014 8:10 pmInside Track: Supermarket set to repair Russian reputation in LondonBy: Express KCSShareFacebookShare o <a href=https://www.stanley-cup.at>stanley austria</a> n FacebookXShare on TwitterLinkedInShare on...
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