32:, Finance Minister at the time of the scheme's introduction said, "The deposit guarantee is designed to give assurance to New Zealand depositors. The New Zealand banking system remains sound. We want to ensure that ordinary New Zealanders feel that their deposits are safe in the current uncertain international financial market conditions."
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and at its height resulted in Crown guarantees over $ 133 billion. Ninety-six institutions were covered by the scheme - 60
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would repay those who lost money in failed financial institutions. It was implemented on 12 October 2008, administered by
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Nine finance companies out of the thirty accepted into the scheme collapsed. This resulted in the Crown
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investors, paying $ 2 billion to more than 42,000 depositors. The three largest bailouts were of
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367:"The Treasury: Implementing and managing the Crown Retail Deposit Guarantee Scheme"
338:"The Treasury: Implementing and managing the Crown Retail Deposit Guarantee Scheme"
283:"The Treasury: Implementing and managing the Crown Retail Deposit Guarantee Scheme"
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scheme, established under the Public
Finance Act 1989 in New Zealand during the
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75:, Allied Nationwide Finance Limited, Equitable Mortgages Limited.
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259:. New Zealand Government. 12 October 2008. Archived from
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234:Finance company collapses, 2006-12 (New Zealand)
59:. All guarantees had ended by December 2011.
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376:. New Zealand Government. September 2011
347:. New Zealand Government. September 2011
313:"Relief for taxpayers as guarantees end"
292:. New Zealand Government. September 2011
244:
253:"Deposit guarantee scheme introduced"
63:Finance company failures and bailouts
18:Crown Retail Deposit Guarantee Scheme
7:
406:Government finances in New Zealand
98:Allied Nationwide Finance Limited
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311:Weir, James (28 December 2011).
169:South Canterbury Finance Limited
73:South Canterbury Finance Limited
35:The scheme guaranteed that the
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374:Office of the Auditor-General
345:Office of the Auditor-General
290:Office of the Auditor-General
57:collective investment schemes
112:Equitable Mortgages Limited
257:Reserve Bank of New Zealand
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212:Vision Securities Limited
154:Rockforte Finance Limited
79:Bailouts under the scheme
198:Viaduct Capital Limited
184:Strata Finance Limited
140:Mutual Finance Limited
126:Mascot Finance Limited
49:non-bank deposit takers
401:Finance in New Zealand
37:New Zealand Government
87:Entry date in scheme
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28:, 2008 to 2011. Dr
263:on 14 October 2008
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416:Deposit insurance
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201:13 November 2008
187:19 November 2008
173:19 November 2008
157:20 February 2009
143:13 November 2008
118:26 November 2010
101:19 November 2008
22:deposit insurance
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215:5 December 2008
129:12 January 2009
115:4 December 2008
93:Amount paid out
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26:Great Recession
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30:Michael Cullen
20:was an opt-in
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90:Failure date
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378:. Retrieved
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349:. Retrieved
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320:. Retrieved
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294:. Retrieved
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265:. Retrieved
261:the original
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204:14 May 2010
160:10 May 2010
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45:Reserve Bank
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317:Stuff.co.nz
179:$ 1,580.3m
69:bailing out
395:Categories
240:References
121:$ 140.2m
107:$ 131.0m
228:See also
221:$ 30.0m
135:$ 70.0m
43:and the
41:Treasury
207:$ 7.6m
193:$ 0.5m
163:$ 4.0m
149:$ 9.2m
55:and 24
380:1 May
370:(PDF)
351:1 May
341:(PDF)
322:1 May
296:1 May
286:(PDF)
267:1 May
53:banks
51:, 12
382:2015
353:2015
324:2015
298:2015
269:2015
16:The
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