A scheme to protect money in Jersey deposit accounts if a bank collapses is being considered by island politicians.
The law will compensate local and international depositors up to £50,000 each if a bank failed in Jersey.
The move came after complaints about the current system in which depositors would get nothing if a bank collapsed.
The scheme, supported by Jersey Finance, which promotes the island's finance industry, is being considered by a States scrutiny panel.
RELATED INTERNET LINKS
States of Jersey
Jersey Financial Services Commission
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