[euroderf]

I fail to understand why they don't pick a number like 90%. Enough to prevent financial ruin of depositors, but also set to encourage some measure of risk evaluation by depositors.

[aeternum]

Should depositors really be responsible for risk evaluation?

How much do you know about the balance sheet of your bank? For any banks that are not publicly traded, shouldn't they be forced to then share their financials and transactions with depositors?

[euroderf]

> Should depositors really be responsible for risk evaluation?

A nudge. So OK, call it 95% coverage. People putting money willy-nilly into shady "banks" is how we got here.