Beginning in 2005, the Government blanket guarantee will be phased out and replaced by the Deposit Insurance Agency (LPS). This changeover will place added responsibility on the banking industry to build and maintain public confidence. Without a high level of confidence, the public will quickly move funds from the less trusted banks to sounder banks with stronger capital resources.
[5] Carney, M. (2017),  Panel remarks at the ECB Forum on Central Banking, June. [6] De Guindos, L. (2018), “Investment, technological transformation and skills”, speech at the joint EIB-ECB conference on investment, technological transformation and skills, Luxembourg, 28 November. [7] Döttling, R., Gutiérrez, G. and Philippon, T. (2017), “  Is there an investment gap in advanced economies?