Finally, Kiwis Get Some Deposit Protection!

New Zealand had been an anomaly for some time in that in had introduced the clearest Deposit Bail-in scheme in the world, via the Open Banking Resolution (OBR) which in the case of a bank failure, OBR allows a portion of depositors’ funds to be temporarily frozen and used to recapitalize the bank, while the … Continue reading "Finally, Kiwis Get Some Deposit Protection!"