Fondo Interbancario di Tutela dei Depositi

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Fondo Interbancario di Tutela dei Depositi (FITD) is an Italian deposit guarantee fund founded in 1987. The fund became a mandatory scheme by the EU Deposit Guarantee Schemes Directive (94/19/EEC). However, the cooperative banks (BCC) of Italy had their own fund instead (Fondo di Garanzia dei Depositanti del Credito Cooperativo). There was another fund to guarantee asset management firm in Italy: Fondo Nazionale di Garanzia.