RBNZ critics applaud governance changes, deposit insurance

Thu, 19 Dec 2019

Some of the Reserve Bank's most prominent critics have welcomed the government's decisions to give the central bank's board real governance powers and to introduce retail deposit insurance.New Zealand is the only OECD country without some form of deposit protection.Massey University banking professor David Tripe has long called for a deposit insurance scheme because successive changes reducing the amount of public disclosure banks had to make reduced the ability for independent observers to make judgements on a bank's safety and soundness."Info...

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