More security for savers through govt-backed deposit guarantee scheme
Finance Minister will be able to direct Reserve Bank about which lending it should restrict.
Brent Edwards
Thu, 22 Apr 2021
The government is intending to guarantee deposits up to $100,000 in eligible financial institutions.
The guarantee will be included in legislation to be introduced to Parliament later this year and will be law by 2023. Licensed deposit takers, including banks, credit unions, building societies and
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Brent Edwards
Thu, 22 Apr 2021
Contact the Writer: brent@nbr.co.nz
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More security for savers through govt-backed deposit guarantee scheme
Politics,
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