It was, in parts at least, about protection of the whole portfolio.
But the topic does warrant a regular revival, until this whole business is done & through.
It’s a very good video. Good questions, clear answers.
It only covered EU clients though, so CH clients could still be handled differently.
For EU clients:
- will be able to choose between staying with IB UK or getting moved to IB IE/LU/HU. (Depends where u live mostly which IB u land up in, u can’t choose that)
- will definitely be needed that one actively accepts such a move.
- if moved to IB IE/LU/HU protection on whole assets gets reduced from $500k to €20k, as that is the insurance that is regulatory available.
- IB is a large stable broker and “shouldn’t” go bankrupt (but yeah
)
New/unrelated info I picked up
- IB now supplies tax reports acc. to where u live acc. to that required in your jurisdiction - see under the usual “reportings” for it. Is generated & available within a few days after request.