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Proposed deposit insurance scheme met with concern from credit unions, finance companies

Author
Newstalk ZB,
Publish Date
Wed, 13 Mar 2024, 7:26pm
 Photo / Getty Images
Photo / Getty Images

Proposed deposit insurance scheme met with concern from credit unions, finance companies

Author
Newstalk ZB,
Publish Date
Wed, 13 Mar 2024, 7:26pm

The Reserve Bank and Treasury are designing a new deposit insurance scheme.

However, Credit unions, building societies and finance companies have voiced concern that these measures could impact their bottom lines.

NZ Herald Wellington business editor Jenee Tibshraeny explains the risks and benefits involved in this scheme.

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