Originally Posted by
Snoopy
I would think yes, because, like Australians, they pay the same bank deposit insurance in Australia, which takes the form of receiving lower interest rates than they otherwise would.
Some would argue that the Australian Government imposed (from 1st July 2017) 'banking levy' that now applies to the big four banks is a way of paying for some of the 'implied government guarantee' of a bank that is too big to fail.
The smaller banks in Australia think the Australian banking levy, a non trivial amount of $388m for Westpac in FY2009 - for example, is a great idea because they don't have to pay it!
SNOOPY