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The Times

Too big to fail. The risks to Australian taxpayers from New Zealand banks

  • Written by Matthew Greenwood-Nimmo, Senior Lecturer in Economics, University of Melbourne
Too big to fail. The risks to Australian taxpayers from New Zealand banksA decision of the New Zealand government means if a New Zealand bank goes belly up, Australian taxpayers could find themselves cleaning up the mess.Shutterstock

Australian banks have been under enormous scrutiny during the financial services royal commission, which reports on Friday. But one thing that hasn’t dominated the headlines is their...

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