The new scheme by the Bank of Spain has baffled both friends and strangers. If you wanted to achieve was to make the system solvent deposit guarantees and no more war I will get passive, but at what price? And it
the Bank of Spain wants to pay for their organizations more profitable deposits twice as much money Fund Deposit Guarantee (FGD) of what they were paying before.
limits from which entities have to contribute more to the deposit insurance fund are
- deposits of more than 3 months duration with a return greater than the 6-month Euribor plus 150 points
- basic deposits remunerated up to 3 months to 6 months Euribor plus 100 basis points
Then happens that foreign entities operating in Spain such as ING Direct or Banco Espirito Santo that offer great returns will benefit by not having to pay this contribution extraordinary to Deposit Guarantee Fund English.
Was this what he wanted the Bank of Spain?
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