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Govt takes risk-based approach to deposit guarantee scheme

Thursday 14th of November 2024

The levy imposed on banks, building societies, credit unions and finance companies will vary based on the size and riskiness of the institutions concerned, Finance Minister Nicola Willis has announced.

Considerations include the likelihood of the need for a DCS payout, the impact of the levy on entity soundness and the predictability of levy payments.

“The levy will be bas...

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