Jump to Content Jump to Main Navigation
The Law and Practice of International Banking, 2nd Edition by Proctor, Charles (1st March 2015)

Part B Merger, Reorganization, and Insolvency of Banks, 13 Deposit Protection Schemes

From: The Law and Practice of International Banking (2nd Edition)

Charles Proctor

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2015. All Rights Reserved.date: 21 May 2019

Subject(s):
Deposit insurance schemes — Deposit protection schemes — Regulation of banks — Bank of England

This chapter reviews deposit protection arrangements which come into operation on the insolvency of a bank. It covers EU law requirements in the field of deposit protection; the implementation of those requirements in the UK by means of the Financial Services Compensation Scheme; the revisions to the powers and role of that scheme made pursuant to Part 4 of the Banking Act 2009; and the legal aspects of the recent diplomatic rift between the UK and Iceland, following from deposit protection arrangements applicable to the UK branch of an Icelandic bank.

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.