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The deposit insurance system in the Russian Federation operates in accordance with the Federal Law No.177–FZ of December 23, 2003 “On Insurance of Deposits in Banks of the Russian Federation”. [2] The deposit insurance system (DIS) provides protection to depositors that have accounts in Russian banks up to the coverage limit established ...
And so, in December 2013 Central Bank of Russia revoked licenses of three commercial banks, Investbank, Smolensky Bank and the Bank of Project Finance and later then Ecoprombank, Masterbank, Simbirsk and many others. [6] State-run Agency for deposits’ insurance paid money to clients. [7]
Russia enacted deposit insurance law in December 2003 and established the national deposit insurance agency (DIA) in 2004. [ 46 ] [ 47 ] Until 2004, the Russian banking system was divided: obligations of state-owned Sberbank were guaranteed by law, while other banks were not insured in any way, creating an unfair advantage for Sberbank. [ 48 ]
If you deposit $245,000 and accrue $5,000 in interest, you are insured for the principal plus all your interest because it doesn’t exceed the $250,000 FDIC insurance limit.
2. Open an account in a different ownership category. If you want to keep all your money in one FDIC-insured bank, you may be able to insure deposits of more than $250,000 by opening different ...
The NCUSIF is supervised by the National Credit Union Agency, an independent federal agency created in 1970. The NCUSIF has the full backing of the U.S. government in case an insured credit union ...
Office of the Superintendent of Financial Institutions (OSFI) ; Canada Deposit Insurance Corporation (CDIC) ; Financial Consumer Agency of Canada ; Canadian Investment Regulatory Organization (CIRO) ; Canadian Public Accountability Board (CPAB) Cayman Islands: Cayman Islands Monetary Authority: Central African Republic
The National Credit Union Share Insurance Fund (NCUSIF) is the federal fund created by the United States Congress in 1970 to insure members' deposits in federally insured credit unions. On July 22, 2010, the Dodd–Frank Wall Street Reform and Consumer Protection Act was signed into law and included permanently establishing NCUA's standard ...