Deposit Insurance: Variation Across Countries

by: Research Recap October 10, 2008 | about stocks: XLF    

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The level of government guarantees of bank deposits varies greatly across countires, even more so as a result of actions in the wake of the credit crisis, OECD data shows.

Until the latest statements suggesting unlimited guarantees, legal coverage was highest in Norway, France, Italy and Mexico. In the US the amount covered has been raised temporarily to $250,000 from $100,000 per account. The following graphs show coverage in early 2008 and the position as of 8 October 2008, based on government statements:

“Unlimited ?” is an interpretation of the implication of recent announcements or policy statements for effective coverage limits and that the data shown may not be identical to existing legal limits. As such the data may not be strictly comparable across countries.

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