After US bank failures, agencies directed to analyse deposit insurance mechanism ...Middle East

Following the closures of a few banks in the United States, the Federal Deposit Insurance Corporation (FDIC) directed the relevant agencies to conduct an analysis of the current deposit insurance framework and identify reform options as well as additional tools that can be used to maximize the efficiency of the system. The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by Congress to maintain stability and public confidence in the nation's financial system.

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