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Briefing - Financial Regulatory Group (Deposit Guarantee Scheme), May 2009

  • On 29 April 2009 the Government approved the publication of the Financial Services (Deposit Guarantee Scheme) Bill 2009 (the “Bill”). The Bill, in combination with a statutory instrument that will be made on the enactment of the Bill, will give legislative effect to the amendments to the Irish deposit guarantee scheme announced by the Government on 20 September 2008 (the “Deposit Guarantee Scheme”). The main feature of the announcement on 20 September 2008 was an increase in the deposit protection limit from €20,000 to €100,000.
  • 21.05.2009