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23skidoo

2,731 Posts.

107

06/12/14

11:22

Post #: 14419485
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Originally posted by Infose ↑

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

Expand

Infose,
naughty, naughty.
you studiously avoided clauses (iii) & (iv) in the preamble. That's where the sting is.
ps. I would copy and paste them, but my iPad doesn cooperate)
23.
Upvote

0 Great analysis

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Where is gold at?, page-227

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Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

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