Jenee Tibshraeny: NZ Herald Wellington business editor on the Commerce Commission's suggestions to improve banking competition - Heather du Plessis-Allan 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.

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