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Deposit guarantee a perennial of banking

27 August 2012 7:08am
Glenn Stevens, governor of the Reserve Bank of Australia, told a parliamentary committee on Friday that "I, personally, am not averse" to a charge for the deposit guarantee.

Stevens was responding to a question from Liberal MP Scott Buchholz "that you put a value on it [the guarantee] and charge."

Stevens and Buchholz touched on the issue in the context of efforts by the latter to inflate measures of the Australian Government's debt-to-GDP ratio.

Phillip Lowe, deputy governor of the RBA, told the Economics Committee of the House of Representatives that around A$620...

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