Article Tools

Austrian Banks View Savers Protection to be Endangered

Published: September 15, 2012; 19:54 · (Vindobona)

The planned unification of the deposit protection is met with skepticism at Austrian banks. As the details are not clear yet, the deposit protection is yet no issue anyway.

Austrian Banks View Savers Protection to be Endangered / Picture: © Vindobona.org

This week, the Commission of the EU has presented its proposal for establishing a banking union. According to the Commission, the banking union should contain a centralized supervision authority. Moreover, the deposit protection and the restructuring rules should be unified. As a first step, the competence of ECB will be enlarged. ECB becomes a centralized financial market authority for…

This article includes a total of 257 words.

or Log In

Fast News Search
Related News
Banking Union: Austrian FMA Wants to Integrate Eastern European Countries (September 13, 2012)
Nowotny: Not Overcharging ECB (September 13, 2012)
Banking Union: Poland Demonstrates Skepticism (September 13, 2012)
Bank Union: Austrian Banking Industry Cautious (September 1, 2012)
Pribil: „ECB Must Not Become Safe Haven for Zombie Banks” (August 31, 2012)
Read More
Banking Industry, Brussels, Germany, Michael Ikrath, Bank Austria, Willibald Cernko, Banking Union
Featured
Updated Directory of Foreign Ambassadors in Austria 2019
List of National Days of the home countries of all foreign Missions and Delegations in Vienna, Austria
See latest Vindobona Newsletter