Treasury advised to revisit work on deposit insurance

Tue, 11 Nov 2014

By Paul McBeth Nov. 12 (BusinessDesk) - A review of the Treasury's fiscal policy advice has recommended the government's financial adviser revisits its work on deposit insurance in tandem with the Reserve Bank, saying the issue remains a concern in the unlikely event of a major bank failure. The government agency's advice was generally found to be consistent with sound principles and practices for responsible fiscal management and has been effective in influencing fiscal policy, with the main areas open to improvement in macroeconomic mod...

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