Uncertainty over FDIC insurance is affecting structured products industry

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The US Federal Deposit Insurance Corporation (FDIC) says it will apply any change in deposit coverage amounts after 2013 to investments already in circulation, which could have a knock-on effect on the deposit-based structured products industry in the US.

An FDIC spokesperson says the agency is awaiting a decision from the US Congress on whether or not the higher limit of $250,000 is to be extended beyond December 31, 2013 and made permanent as part of the Congress’ regulatory reform legislation.

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