Next week (28th March ) the Eligible Liabilities Guarantee is ending – this is the one that covers most deposits over €100,000. We wrote about the possible ending of this guarantee back in Nov 2012 The Dept of Finance said that the ELG will end for all new liabilities (deposits) from midnight on the […]
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ELG
ELG Could End in 2013
In October the Deputy Governor of the Central Bank of Ireland hinted that the bank guarantees could end soon . He said “.. in my view we are getting close to the position where the changing circumstances arising from successful implementation of the IMF/EU programme and the introduction of the banking union should permit the […]
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Irish Deposits Guarantee – a History
Are My Savings in Ireland Guaranteed? (Updated Dec 4th 2011 ) A potted history of Irish Banking Guarantees First of all we had the Irish Deposit Guarantee Scheme (DGS), which covered the first €20,000 per person in all the financial institutions that are authorised by the Irish Financial Services Regulatory Authority to operate in Ireland. […]
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Extension of Irish Bank Guarantee
THE Irish Government Eligible Liabilities bank guarantee was extended to the end of December 2012 in 2011. Approval from the EU commission was only in place up to the end of June 2012 – but on 6th June 2012 – the EU Commission granted state aid approval for the continuation of the Scheme, (the ‘ELG […]
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