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Deposit Protection Scheme |
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Deposit Protection SchemeA 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 MatchesSafeguards protectionSafeguards protectionImport protection provided under the Safeguards Clause. Loan protection policyLoan protection policyAn 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 interventionEnvironmental protection argument for a trade interventionThe 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 ActMarine Mammal Protection ActThe 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 protectionImport protectionSee protection. Further SuggestionsContent protectionprotection 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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