NZ's plan for deposit insurance falls well short of protecting people's savings
- Written by Helen Mary Dervan, Senior lecturer in law BCL(Oxon), TEP, Auckland University of Technology
Once you deposit your money with a bank, it no longer legally belongs to you.from www.shutterstock.com, CC BY-NDThe New Zealand government’s plan to introduce deposit insurance is a welcome step. Last week, finance minister Grant Robertson announced a new deposit protection regime to make the banking system safer for customers and to...
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