Skip to main content
placeholder image

Submission to the financial system inquiry, regarding the financial claims scheme

Report


Type Of Work


  • Report

Abstract


  • Currently in Australia depositor protection is addressed by the Financial Claims Scheme (FCS). This scheme provides funding ex post, initially funded by the Federal government, then through disposal of the failed bank’s assets, and then if need be by way of a levy on ADIs.

Publication Date


  • 2014

Citation


  • A. D. Schmulow, Submission to the financial system inquiry, regarding the financial claims scheme (2014) http://fsi.gov.au/files/2014/09/Schmulow_Andy.pdf

Url


  • http://fsi.gov.au/files/2014/09/Schmulow_Andy.pdf

Type Of Work


  • Report

Abstract


  • Currently in Australia depositor protection is addressed by the Financial Claims Scheme (FCS). This scheme provides funding ex post, initially funded by the Federal government, then through disposal of the failed bank’s assets, and then if need be by way of a levy on ADIs.

Publication Date


  • 2014

Citation


  • A. D. Schmulow, Submission to the financial system inquiry, regarding the financial claims scheme (2014) http://fsi.gov.au/files/2014/09/Schmulow_Andy.pdf

Url


  • http://fsi.gov.au/files/2014/09/Schmulow_Andy.pdf