LONDON, Nov 21 (Reuters) - The Bank of England has proposedraising "insurance" on bank account deposits to 85,000 pounds($104,839)from January 30, 2017, after a sharp fall in the valueof sterling following Britain's decision to leave the EuropeanUnion.
"Restoring the limit to 85,000 pounds - the level in effectfor almost five years prior to 3 July 2015 - is intended toprovide a measure of memorability and consistency," the BoE'sPrudential Regulation Authority arm said in a statement.
Lenders would have until the end of June 2017 to implementthe necessary changes to systems.($1 = 0.8108 pounds) (Reporting by Huw Jones, editing by Carolyn Cohn)