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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Eligible Liabilities
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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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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