European Parliament
Derek Vaughan  (S&D ),
in writing.
– I fully support this directive, which aims to ensure that savers are compensated for the failures of the banks. Protection for account holders is vitally important, especially given the events of the recent economic crisis with panicked scenes as customers attempted to withdraw their money from collapsing banks. Customers must feel confident that their money is safe and I voted in favour of this directive because it will ensure that effective deposit guarantee schemes are in place in each Member State.

