News

Fund managers left out of deposit scheme

Tuesday 14th of October 2008
It is understood several fund managers were concerned the new measures would unfairly give advantage to finance company debentures over similarly or less risky investments managed by other providers.

According to Andy Wood, head of the non-bank and small banks prudential supervision department of the Reserve Bank (RBNZ), the rapid introduction of the deposit guarantee scheme has caused some “u...

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