The Commerce Commission has detailed several potential changes in a new 389-page report designed to improve competition in the banking sector. 

One change involves establishing a deposit compensation scheme that insures the first $100,000 of an individual or business’s savings at a bank, credit union, building society or finance company.

NZ Herald Wellington business editor Jenee Tibshraeny examines whether or not this is the way forward.

LISTEN ABOVE

The Commerce Commission has detailed several potential changes in a new 389-page report designed to improve competition in the banking sector. 
One change involves establishing a deposit compensation scheme that insures the first $100,000 of an individual or business’s savings at a bank, credit union, building society or finance company.
NZ Herald Wellington business editor Jenee Tibshraeny examines whether or not this is the way forward.
LISTEN ABOVE

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