NZ small depositors won’t be forced to take a haircut if banks fail
Visiting economics professor believe New Zealand authorities will allow small depositors to suffer losses if a bank fails.
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Whatever the Reserve Bank says about not bailing out banks which get into financial difficulty, the authorities are unlikely to allow small depositors to suffer losses, says a visiting economics professor at Stanford University in California.
“You may not have explicit deposit insurance but the
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Jenny Ruth
Wed, 16 Nov 2016
Wed, 16 Nov 2016
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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NZ small depositors won’t be forced to take a haircut if banks fail
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