Banking woes prompt saver rules change

The government is working on changes to the deposit protection scheme, to offer better safeguards to bank customers in the event of an Irish institution suffering a Northern Rock-style collapse.

29th March, 2008

The government is working on changes to the deposit protection scheme, to offer better safeguards to bank customers in the event of an Irish institution suffering a Northern Rock-style collapse.

Officials in the Department of Finance are conducting a review of the scheme in conjunction with officials from other EU states, and are expected to report back to finance minister Brian Cowen within weeks.

The review, which was instigated in response to the credit crunch...

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