Search
All PYRENEES · France, Spain, Andorra
All Pyrenees
  • EN
  • FR
  • RU
  • CA

The Andorran Social Democratic Party wants to change the deposit guarantee scheme

17.05.2018   All Andorra news, Business and Economy   /   account, finance, insurance, money, trust

The General Councillor for SDP (the Social Democratic Party), Víctor Naudi, presented eight amendments to the draft law regulating the Andorran Deposit Guarantee Fund and the Andorran Investment Guarantee System (SAGI). The amendments are aimed mainly to keep the sum of 100,000 euros coverage per account holder in the event that there is a problem of liquidity in a bank, as opposed to the one proposed by the Government, namely by reducing the amount of coverage to 20,000 euros.

Víctor Naudi considers the reduction inadequate, because in his opinion, «there may be repercussions in the confidence of deposit accounts and investors in banking entities and financial institutions that offer investment services and participate in the SAGI and that are authorized to operate in Andorra »

The General Gouncillor also considers that it is not acceptable to establish this limit of 20,000 euros, since the directive refers to this figure as a minimum value and, therefore, the EU can place this limit above this amount. In addition, he does not see it correct to establish that the expenses of the Andorran Deposit Guarantee Fund have to be borne equally by the member entities. For this reason, Naudi proposes that those expenses «be borne proportionally depending on the amount of the guaranteed deposits of each entity on the total of the guaranteed deposits of the members of the Fagade».


Vueling to accept cryptocurrencies for flight purchases from mid-2023

14.01.2023

Angry Birds video game developer to open new office in Barcelona

02.01.2023

“Renewable energy, or Catalonia will lag behind” manifesto warns of energy transition delay

09.12.2022

Green hydrogen pipeline between Barcelona and Marseille to cost €2.5bn

09.12.2022

Vueling cancels 28 flights at Barcelona airport due to cabin crew strike

20.11.2022

Catalonia’s Open University to coordinate new European gender equality in research center

10.11.2022
Read more: All Andorra news ...
Ad

 

Search
All Andorra – All Pyrenees (С)

About Us

DMCA.com Protection Status  

RSS

Copyright © 2023 All Andorra - All Pyrenees. All rights reserved | Developed by IT and AI team.

Guides

  • Pyrenees main facts
  • Pyrenees travel guide

 

  • Madrid travel guide
  • Spain travel guide

 

  • Andorra main facts
  • Andorra Travel guide

News

  • Agenda
  • Andorra news
  • Business
  • Culture
  • Education
  • Interviews
  • Modern art
  • Opinion
  • News
  • News of partners
  • News of Pyrenees
  • Photo reportages
  • Politics
  • Society
  • Sport
  • Technologies

Blogs

  • All Blogs
  • Alpinism
  • Architecture on paintings
  • Attractions around
  • Cars
  • Car drawings
  • Castles around
  • Cities around
  • Cycling
  • Dinner ideas
  • Design
  • Fairy tales
  • Four corners
  • Festivals and fairs
  • Gadgets
  • History of Europe
  • Modern science
  • Motorcycles
  • Nutrition and health
  • Pyrenees on photos
  • Sport management
  • Sound of music
  • Toys
  • Transport and vehicles
  • Transport on drawings
  • What to do today?