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NZ's plan for deposit insurance falls well short of protecting people's savings

  • Written by Helen Mary Dervan, Senior lecturer in law BCL(Oxon), TEP, Auckland University of Technology
NZ's plan for deposit insurance falls well short of protecting people's savingsOnce you deposit your money with a bank, it no longer legally belongs to you.from www.shutterstock.com, CC BY-ND

The New Zealand government’s plan to introduce deposit insurance is a welcome step. Last week, finance minister Grant Robertson announced a new deposit protection regime to make the banking system safer for customers and to...

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