Financial Services Compensation Scheme: Difference between revisions
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imported>Doug Williamson (Expand. Source: International Association of Deposit Insurers (IADI) webpage http://www.iadi.org/di.aspx?id=67) |
imported>Doug Williamson (Add link.) |
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* [[Deposit insurance]] | * [[Deposit insurance]] | ||
* [[DGSD]] | * [[DGSD]] | ||
* [[International Association of Deposit Insurers]] | |||
* [[Retail]] | * [[Retail]] | ||
* [[Stability]] | * [[Stability]] | ||
Revision as of 13:08, 10 August 2016
(FSCS).
The UK scheme that guarantees certain bank and building society depositors' funds - subject to limits - should the bank or building society fail.
With effect from 2016, the guaranteed amount in the UK is limited to £75,000.
(It was previously £85,000.)
Similar deposit guarantee schemes operate in the majority of developed economies, under different names and with differing conditions and degrees of formality.
