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Malta receives final warning over EU deposit guarantee rules

( June 1, 2023, 10:56 GMT | Official Statement) -- MLex Summary: Malta today received a final warning from the European Commission, which found that it had failed to correctly translate EU rules on national deposit guarantee schemes into domestic law. The state's failure to ensure that the schemes have adequate alternative arrangements to obtain short-term funding ultimately jeopardizes the protection offered to depositors, the commission said. Malta now has two months to remedy the situation, or risk being taken to the EU's top court.Statement follows. ...

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