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NBDTs face new Government legislation

Monday 25th of July 2011

Finance Minister Bill English said the Bill, which introduces licensing requirements and strengthens the Reserve Bank's powers, will complete a new regulatory regime for NBDTs and is another step in lifting investor confidence.

"From 2006, deposits of about $8.6 billion were put at risk by finance industry failures," English said.

"A key focus on this Government has been supportin...

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