New Zealand needs bank deposit insurance, submitters say
Open Bank Resolution is “unconscionable,” wouldn't work and will never be used, submitters argue
Jenny Ruth Fri, 15 Jun 2018
Can you picture Giant XYZ Bank collapsing at any time past or future and the government of the day allowing the deposits of mums, dads and their kids to be used to help resolve that situation?
Most people would see that as unbelievable or politically acceptable for any New Zealand government and
Want to read more? It's easy.
Choose your best value subscription option
Student
Exclusive offer for uni students studying at a New Zealand university (valued at $499).