23skidoo,
I have not, but you did without being able to understand the first few paragraphs in the preamble.
Extract from the preamble:
"'An effective resolution regime (interacting with applicable schemes and arrangements for the
protection of depositors, insurance policy holders and retail investors) should:
(i) ensure continuity of systemically important financial services, and payment,
clearing and settlement functions;
ii) protect, where applicable and in coordination with the relevant insurance
schemes and arrangements such depositors, insurance policy holders and
investors as are covered by such schemes and arrangements, and ensure the
rapid return of segregated client assets;
In case you have not yet been able to understand it, allow me to repeat the relevant part.
"(ii) protect, where applicable and in coordination with the relevant insurance
schemes and arrangements such depositors, insurance policy holders and
investors as are covered by such schemes and arrangements, and ensure the
rapid return of segregated client assets"
And here is a link to details about the relevant insurance scheme:
http://en.wikipedia.org/wiki/Federal_Deposit_Insurance_Corporation
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