Reserve Bank worries about legislation to protect depositors
The bank thinks if the legislation gets caught up in next year's election period that will delay its implementation.
The Reserve Bank headquarters in Wellington.
The Reserve Bank has expressed concern implementation of the proposed Deposit Takers Act might be delayed if it is caught up in next year’s election period.
In a paper to Finance Minister Grant Robertson on March 17, obtained by NBR under the Official Information Act, the bank said introduction of
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