'Moral-hazard madness' or just bringing NZ into line?

'Moral-hazard madness' or just bringing NZ into line?
Finance minister Grant Robertson will gain additional powers to make regulations.
Jenny Ruth
The Act party is thundering that the government's introduction of a deposit insurance scheme will cause banks and other financial institutions to run amok in taking unnecessary risks and thereby putting the financial system at risk.It's "the kind of moral-hazard madness that led to the GFC (global financial crisis)," said Act leader David Seymour. "This is the socialisation of banking."'But the government expects the Reserve Bank's (RBNZ) regulatory policy and supervisory approach will mitigate any moral haza...

More Finance

Consumers agree on what constitutes fairness: FMA
Finance

Consumers agree on what constitutes fairness: FMA

NZ consumers have a remarkably consistent understanding of fairness, research finds.

Tom Raynel 18 Jul 2024
Inflation outcome shores up the view RBNZ will cut by November
Finance

Inflation outcome shores up the view RBNZ will cut by November

Economists say even earlier rate cuts are possible. 

Tom Raynel 17 Jul 2024
Scaling BlackRock mountain
Finance

David Chaplin: Scaling BlackRock mountain

Fund manager brought in US$140b in the first half of the year alone.

David Chaplin 17 Jul 2024
Industry challenger Dosh applies to become a bank
Finance

Industry challenger Dosh applies to become a bank

If approved, Dosh would be the first fully-digital, NZ-owned bank.

Ben Moore 10 Jul 2024