Bank of England considering urgent reform of deposit guarantee scheme - FT

Kitco Media
By Reuters
Published:
Updated:
Reuters
April 16 (Reuters) - The Bank of England is considering a major overhaul of its deposit guarantee scheme, including boosting the amount covered for businesses and forcing banks to pre-fund the system to a greater extent to ensure faster access to cash when a lender collapses, The Financial Times reported on Sunday.
(Reporting by Mrinmay Dey in Bengaluru; Editing by Chizu Nomiyama)

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