Jenee Tibshraeny: NZ Herald Wellington business editor on the Commerce Commission's suggestions to improve banking competition
The Commerce Commission has detailed several potential changes in a new 389-page report designed to improve competition in the banking sector.
One change involves establishing a deposit compensation scheme that insures the first $100,000 of an individual or business’s savings at a bank, credit union, building society or finance company.
NZ Herald Wellington business editor Jenee Tibshraeny examines whether or not this is the way forward.
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