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UK's PRA proposes raising deposit protection from £85,000 to £110,000 to boost financial confidence.
The UK's Prudential Regulation Authority (PRA) proposes raising the deposit protection limit from £85,000 to £110,000 to ensure consumer confidence in the financial system.
If approved, the new limit would apply to firms that fail starting December 1, 2025.
The proposal aims to reflect inflation since the last change and provide assurance that savings are safe in case of bank failures.
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PRA del Reino Unido propone aumentar la protección de depósitos de £85.000 a £110.000 para aumentar la confianza financiera.