Darling moots new powers for UK regulators to prevent another bank run


The new legislation - to be introduced in May - would give the Financial Services Authority (FSA) increased powers to protect customer assets in the event of a bank's collapse and would increase the size of protected deposits.

Under current rules, only the first £2,000 of a customer's deposits is fully guaranteed, followed by 90% of the next £33,000. New legislation might guarantee deposits up to as much as £100,000.

However, a new Bank of England Act has been proposed by the Conservative

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