Committee takes collaborative approach to Deposit Takers Bill
Proposed law would require the Reserve Bank to treat small financial institutions differently to the major banks.
Finance committee has given the Reserve Bank direction about how it should monitor non-bank deposit takers.
The Financial Services Federation is happy with proposed changes to the Deposit Takers Bill, which will require the Reserve Bank to treat small financial institutions differently to the major banks.
Parliament’s Finance and Expenditure Select Committee reported back on the Bill last week, and
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