The Australian Federal Government has recently proposed to re-regulate the finance sector. One of the key concerns is the inability of the credit unions and building societies (CUBS) to compete with banks. Therefore, the paper's main motivation is to evaluate to what extent CUBS can compete with...

In this note, a new concept for a European deposit guarantee scheme is proposed, which takes account of the strong political reservations against a mutualization of the liability for bank deposits. The three-stage model for deposit insurance outlined in the text builds on existing national...