Business News

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-ND

The 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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