Geof Mortlock, a New Zealand expert in deposit insurance, is disappointed the incoming NZ scheme won't include depositor preference, says it will need to lift the $100,000 depositor payout cap over time to match inflation, and supports the fact it's not being designed to fund systemic bank failure. As recently reported by interest.co.nz , Treasury and the Reserve Bank (RBNZ) are consulting on the size of the fund that'll be established to back the deposit insurance scheme, suggesting it could be equivalent to 0.

https://www.interest.co.nz/personal-finance/123860/deposit-insurance-expert-suggests-100k-cap-will-need-be-increased-over-time

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