Retail Deposit Guarantee Scheme Announcement Today
Wellington, Aug 25 NZPA - The Government is to make an announcement today about the retail deposit guarantee scheme.
The deposit guarantee scheme was put in place last year to give New Zealand depositors confidence that their money would be secure in the event an approved financial institution failed.
Banks have criticised extra costs they face to be part of the scheme and there has been concern that some institutions qualified for the scheme when they should not.
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