|
|
Moody's: "Debt and
deposit ratings of the majority of Austrian banks are
enhanced or underpinned by external or sector support ...
the increasing cohesion within the larger banking groups
should improve the competitiveness of the banking system in
the medium to longer term ... (regardless of) the slowing
economy and to some high-profile bankruptcies."
Deposit insurance institutions are for the most part
government run or established, and may or may not be a part
of a country’s central bank, while some are private entities
with government backing or completely private entities.
There are a number of countries with more than one deposit
insurance system in operation including Austria, Canada
(Ontario & Quebec), Germany, Italy, and the United States.
On the other hand, one deposit insurance system can cover
more than one country: the Marshall Islands, the Federated
States of Micronesia, and Puerto Rico are insured by the US
Federal Deposit Insurance Corporation.
Cameroon, the Central African Republic, Chad, Congo,
Equatorial Guinea, and Gabon will also be covered by a
single system.
|
