RESEND: NZ, Aust working to resolve differences on depositor protection, English says

Thu, 30 Oct 2014

(Fixes repeat sentence in 10th graph) By Paul McBeth Oct. 30 (BusinessDesk) - New Zealand and Australia are continuing work to iron out differences between their respective depositor protections, which operate under difference regulatory regimes, Finance Minister Bill English says. Australia operates a deposit insurance scheme, whereas New Zealand depositors are governed by the open bank resolution framework, an issue that's discussed regularly at the Trans-Tasman Council on Banking Supervision, English said in response to questions fr...

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