On 9 October 2016 entered into force the Act on the Bank Guarantee Fund, Deposit Guarantee Scheme and Resolution (the Act on BFG).

Under the new Act on BFG the Fund has gained new powers enabling to carry out a resolution action. The Fund may start the resolution process, if any opportunities to recover a bank

The Act on the Bank Guarantee Fund, Deposit Guarantee Scheme and Resolution entered into forceRead more …

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