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Video: Time for a bi-partisan deal on deposit insurance

Video: Time for a bi-partisan deal on deposit insurance

We need deposit insurance of NZ$25k-NZ$100k.

Our banks remain sound, well capitalized and regulated, simple and with little sub-prime exposure. But credit markets are frozen and the global turmoil will eventually affect our banks. We should move now to bring New Zealand into line with the rest of the OECD and Australia by bringing in bank deposit protection.

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