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UK Financial Services Authority Statement: New deposit guarantee limit to be 85,000 pounds

( December 30, 2010, 20:00 GMT | Official Statement) -- MLex Summary: The British financial regulator affirmed that insurance for bank deposits rises to 85,000 pounds per person, from 50,000 pounds, in line with the European Union requirement of 100,000 euros.The Financial Services Authority (FSA) has today confirmed that the new deposit compensation limit for the United Kingdom will increase from £50,000 to £85,000 per person, per authorised firm, from 31 December 2010....

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