Two new pieces of banking regulation are set to increase investor protection and the flow of money t...
Two new pieces of banking regulation are set to increase investor protection and the flow of money to Jersey. However, proposals made by the EU regarding savings tax could have a negative impact on the island. The Banking Depositors Compensation Scheme will protect an investor's deposit in case the bank becomes bankrupt. For example, if a person invests £20,000 in a bank deposit and the bank goes bankrupt the investor would be guaranteed to receive £15,000 back. However, the exact details of how much an investor will receive is yet to be finalised. It is still in its consultation stag...
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