Press Release – NZ Bankers’ Association The deposit guarantee scheme announced today by the government will provide even more security for people who have bank deposits. Our banks are among the best capitalised and regulated in the world. We saw their strength and resilience through … The deposit guarantee scheme announced today by the government will provide even more security for people who have bank deposits. “Our banks are among the best capitalised and regulated in the world. We saw their strength and resilience through the global financial crisis, when there were no bank failures or bailouts in New Zealand. And, again recently, through the economic impact of Covid-19, where our banks were able to help affected households and businesses get through.