FFSA Survey: More than half of Finns are aware of deposit protection
The results of the first survey by the Financial Stability Authority (FFSA) reveal what Finns know about deposit protection: almost 60% expect the payment of deposit guarantee compensations to last for half a year or longer. The survey and its results are highly topical, since the payout period for deposit guarantee compensations is reduced to seven working days by a legislative amendment taking effect at the beginning of next year. The FFSA has completed an extensive IT development project creating the foundation for the fast payment of the compensations.
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Chart 1: This is how deposit protection works