Former RBNZ governors give limited support to bank deposit protection

Tue, 09 Apr 2019

By Jenny Ruth April 9 (BusinessDesk) - Some form of bank deposit protection is starting to look inevitable since three former Reserve Bank governors are now supporting it. However, they also continue to support the “open bank resolution” system the central bank began developing when Don Brash was governor. That’s despite the many OBR critics who have described it as unconscionable because it pushes risk onto those least able to manage it, and that it’s something no government will ever allow to happen. OBR is clearly politically unp...

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