EU plans to propose new deposit insurance scheme this year

November 4, 2015 8:59 AM

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FRANKFURT Nov 4 The European Commission will propose a new European Deposit Insurance Scheme this year, hoping to overcome national resistance with the revamped plan, EU Financial Stability and Financial Services Commissioner Jonathan Hill said on Wednesday.

"Before the end of the year, the Commission will table a proposal for a European Deposit Insurance Scheme," Hill told a European Central Bank conference on financial supervision.

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