Post-global financial crisis and New Zealand's non-banking sector

What is it about?

This study explores whether the present measures being taken by the New Zealand government are strengthening its non-banking sector effectively to address the recent financial crisis and ensure better financial stability to the economy.

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Why is it important?

We find that the New Zealand government is revamping the non-banking sector by introducing a prudential regime. However, we also find some gaps in the existing regulatory systems that need to be addressed to ensure soundness in the total system.