What actually makes a bank a bank?

New Zealand is overhauling the way our banking system is regulated, meaning that more organisations may soon be able to call themselves a "bank", while new deposit insurance gives you peace of mind. 

University of Auckland finance expert Chanelle Duley explains why more competition isn't always straightforward, what to look for when you choose where to put your money, and how regulation and technology could reshape banking over the next decade.

This is a bonus clip recorded for our episode: Blurring the lines of banking

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