Regulators should be upfront with taxpayers – and admit all deposits are guaranteed  

The Bank of England’s recent decision to raise the limit on its deposit guarantee raises questions about the point of these limits. As governments have, in the event, pledged to protect all bank deposits when even small banks face runs, it may be more honest and effective to say that all deposits are guaranteed, while charging banks appropriately via the deposit guarantee funds. This is a guest article by Simon Samuels, founder of Veritum Partners.