Deposit Protection Scheme


 

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Deposit Protection Scheme

A scheme set up to give limited financial protection to people with deposits in authorised banks which fail. Banks are authorised and supervised by the Financial Services Authority (FSA) and they are obliged to provide details of their deposit protection scheme and their claim procedures if requested by depositors. The FSA publishes a list of banks which are authorised under the 1987 Banking Act. The UK Deposit Protection Scheme covers 90% of a bank's total liability to a depositor subject to a set maximum.



Similar Matches

Safeguards protection

Safeguards protection

Import protection provided under the Safeguards Clause.


Loan protection policy

Loan protection policy

An insurance policy in which the insured pays regular premiums in return for insurance against being unable to repay a loan due to accident, sickness or unemployment. In such an event the policy pays a benefit to assist the insured in making the repayments.


Environmental protection argument for a trade intervention

Environmental protection argument for a trade intervention

The view that trade should be restricted in order to help the environment. Examples include embargos on imports made from endangered species, limits on imports produced by methods harmful to the atmosphere, and restrictions on investment into locations with lax environmental standards. This is usually a second-best argument.


Marine Mammal Protection Act

Marine Mammal Protection Act

The 1972 U.S. law prohibiting the "taking" (harassing, hunting, capturing, or killing) of marine mammals, and also prohibiting the import of any marine mammal product or any fish that has been associated with the taking of marine mammals. See tune-dolphin case.


Import protection

Import protection

See protection.


Further Suggestions

Content protection
protection applied
Noneconomic objectives argument for protection
Mortgage payment protection insurance (MPPI)
Externalities argument for protection
court of protection
Securities Investor Protection Corporation
Domestic distortions argument for protection
National defense argument for protection
Endogenous protection
Payment protection insurance
Tariff protection
Infant industry protection
Second-best argument for protection
Call protection
Employment argument for protection
Domestic content protection
Labor standards argument for protection
Fairness argument for protection
Contingent protection
Exchange rate protection
Intellectual property protection
Protection
Protectionism
Investor Protection Scheme


 
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