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Business News Tue, 22 Oct 2019

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Retail deposits now insured

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Comment: Retail deposits now insured

Author:
The DOn
Date:
2019-10-22 11:44:44
Comment to:
Retail deposits now insured

Why not 100% Deposit insurance at the cost of the bank? What is the point at such low ceilings? Is this policy to encourage or discourage savings? 100% compulsory deposit Insurance for retail depositors will also let Insurance companies put pressure on banks to ensure prudent lending...same as with BoG supervision because if the supervision is lax the Insurance companies should refuse to insure the deposits of that bank...overall a step in the right direction....

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