Larry Williams Drive

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. LISTEN ABOVE  See omnystudio.com/listener for privacy information.