Economist John Adams and Analyst Martin North discuss the Senate Inquiry into the proposed change to existing legislation to make Bank Deposit Bail-In illegal. [Banking Amendment (Deposits) Bill 2020]. The inquiry is open for just a couple of weeks, and its open to receive submissions now.
https://www.aph.gov.au/Parliamentary_Business/Committees/Senate/Economics/BankingDeposits
If, as the Government and APRA say, Deposits will never be bailed-in, then this should be passed at once. But if there is obfuscation it means there is the wish to keep the option firmly open, which would be a concern give the current economic situation, Who will blink first?
