If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Will government renew deposit guarantee

motherriley · 2011-06-06 21:48:04

Does anyone know if this will happened and if not will it trigger a run on banks in Ireland. :(

06-06-2011 9:48pm

#1

motherriley

Closed Accounts Posts: 128 ✭✭

Join Date: October 2010

Posts: 121

Does anyone know if this will happened and if not will it trigger a run on banks in Ireland.

0

Comments

#2 06-06-2011 10:04pm

Scofflaw

Registered Users, Registered Users 2 Posts: 23,283 ✭✭✭✭

Join Date: January 2006

Posts: 21354

The government will be renewing the Eligible Liabilities Guarantee scheme for another six months (to December 2011) - the Commission have approved the extension.

Note that the ELG is not a deposit guarantee scheme. It guarantees specifically named debt issued by the covered institutions. Deposits are covered under a different scheme, which has no expiry.

cordially,
Scofflaw

0