Controversial bank bill makes first reading in parliament

A bill that compensates clients of bankrupt banks has made it through to the second reading in parliament. Under the bill, affected clients will be compensated up to four million crowns (a little under 165,000 US dollars). The Czech National Bank, the Association of Banks, and the Deposit Insurance Fund, are among the organisations and institutions that oppose the plan. They mainly object to the bill making up for money lost by anonymous depositors.