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Australia's Implicit Deposit Insurance — Should It Be Reconsidered?

Australia's Implicit Deposit Insurance — Should It Be Reconsidered? Most major developed countries have bank deposit insurance; the European Parliament recently mandated it for all member countries. One of the characteristics of most deposit insurance schemes to protect depositors is that the banking industry funds the scheme through assessments. Interestingly, Australia does not have explicit deposit insurance and to date there has been little public debate on this subject. This paper proposes that such a debate should be initiated. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Australian Accounting Review Wiley

Australia's Implicit Deposit Insurance — Should It Be Reconsidered?

Gray, Robert P.
Australian Accounting Review , Volume 14 (32) – Mar 1, 2004
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12 pages

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Publisher
Wiley
Copyright
© 2004 CPA Australia
ISSN
1035-6908
eISSN
1835-2561
DOI
10.1111/j.1835-2561.2004.tb00282.x
Publisher site
See Article on Publisher Site

Abstract

Most major developed countries have bank deposit insurance; the European Parliament recently mandated it for all member countries. One of the characteristics of most deposit insurance schemes to protect depositors is that the banking industry funds the scheme through assessments. Interestingly, Australia does not have explicit deposit insurance and to date there has been little public debate on this subject. This paper proposes that such a debate should be initiated.

Journal

Australian Accounting Review – Wiley

Published: Mar 1, 2004

References

  • “The Impact of FDICIA and Prompt Corrective Action on Bank Capital and Risk: Estimates Using a Simultaneous Equation Model”
    Aggarwal, Aggarwal; Jacques, Jacques