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Regulations not a quick fix for Non Banks
Thursday 22nd of October 2009
Bollard told MPs yesterday that there was still work to be done in the non-bank deposit taking (NBDT) sector, and that the new regime aims to help the sector avoid the pitfalls of the past few years during the next downturn.
"We can't have that confidence yet" that the sector has overcome its problems, Bollard told parliamentarians. "We're still seeing a lot of working through in non-ban...
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