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  • I can't see the Aussie banks imposing the Cyprus solution on NZ Depositors any time soon.
    DFTBA

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    • Originally posted by jaxy View Post
      Reserve bank is not worried about its shareholder.
      Quite right. It's the other way around. The majority shareholder elects the Board
      of people it needs to get the result the majority shareholder wants.

      Originally posted by jaxy View Post
      It's the bank depositors who will be screwed if a bank falls over.
      The depositors will have their deposits used to cover any shortfall of the fallen bank.
      The matter of Open Bank Resolution is covered on this forum.

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