THE CYPRUS TEMPLATE: BANK DEPOSITS AT RISK
$1.65
By Karen Mutton. The “bail-in” regulations which can be
enacted in the event of bank insolvencies will have dire
consequences for many depositors, as has already
happened in Cyprus. Deposit insurance schemes could never compensate all creditors.
- Description
Description
THE CYPRUS TEMPLATE: BANK DEPOSITS AT RISK
By Karen Mutton. The “bail-in” regulations which can be enacted in the event of bank insolvencies will have dire consequences for many depositors, as has already happened in Cyprus. Deposit insurance schemes are so underfunded that they could never compensate all unsecured creditors in the event of a bank crash.
