The Rudd government proposed a bank deposit levy and the bank runs in the US and Switzerland has revived questions about Australia’s government guarantee of $1.2 trillion of deposits and who should pay.
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The protection of depositors during bank runs in the United States and Switzerland has revived questions about Australia’s government guarantee of $1.2 trillion of deposits and who should pay for the insurance.
Deposit accounts worth up to $250,000 at authorised deposit-taking institutions are insured by the government in the unlikely event of a bank collapse.
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Original URL: https://www.afr.com/companies/financial-services/should-depositors-pay-to-protect-taxpayers-from-a-bank-run-20230323-p5culs
