Rates Round Up

Reserve Bank starts thinking about post-guarantee world

The Reserve Bank is starting to think about how the financial landscape will look once the government's retail deposit guarantee is phased out at the end of next year.

Though nothing has been decided on yet, the regulator is working with the Treasury to determine if any "high-level features of post-deposit guarantee regulatory features" are necessary, according to its Statement of Intent. The Reserve Bank monitors the government's exposure in relation to the scheme.