Ministerial Committee against EU’s deposit guarantee scheme

Finland’s Ministerial Committee on EU affairs does not support EU’s joint deposit guarantee scheme in the current form. The European Commission made a proposal on the issue in November, Helsingin Sanomat writes. Finland has objected to the idea right from the beginning, similarly to Germany. The joint system would strengthen the EU bank system as a whole but it could increase the bank sector risks in countries which have taken care of their duties. The Federation of Finnish Financial Services has strongly objected to the system; it does not want to increase European joint liability.

Media:  Helsingin Sanomat (E-edition) 

Date: 6.2.2016

Journalist: Karoliina Liimatainen

Main source: –

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