The National Party's finance spokesperson says he is satisfied the Reserve Bank of New Zealand can maintain financial stability in the face of international financial turmoil.
However, Bill English told Morning Report a bank deposit scheme might be needed at some time in the future to help shore up the banking system.
Labour's finance spokesperson Michael Cullen said New Zealand is not at the stage yet of needing a bank deposit scheme.
But he said if other countries adopt such schemes, New Zealand will probably have to follow suit.
