Calls are mounting for better protection of private savings deposited in local banks to help restore public confidence in the banking system. Lawmaker Cyd Ho Sau-lan, of Civic Act-up, said yesterday she had written to Chief Executive Donald Tsang Yam-kuen urging his administration to follow overseas examples by providing 100 per cent insurance to depositors. In the Asia-Pacific region, Australia, New Zealand and Taiwan are offering blanket deposit protection for bank savers. 'The government should help boost confidence in the banking system,' Ms Ho said. 'It should implement full deposit protection and announce a time frame quickly.' Civic Party legislator Audrey Eu Yuet-mee also urged the government to consider lifting the present protection limit of HK$100,000, set since the deposit protection scheme was launched in 2006. At that level, the Hong Kong Deposit Protection Board said it should be able to provide full protection to more than 80 per cent of depositors. But Chan Kam-lam, of the Democratic Alliance for the Betterment and Progress of Hong Kong, urged caution: 'If we raise the protection level to 100 per cent, it could give the impression there might be something wrong with our banking system.'