Financial intermediation beyond the banks: recent developments

Clive Thorp
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Clive Thorp: Reserve Bank of New Zealand

Reserve Bank of New Zealand Bulletin, 2003, vol. 66, No 2

Abstract: The New Zealand financial system is dominated by banks, whose assets are well over 90 per cent of those of all deposit-taking institutions. Banking groups also own funds management businesses with more than a quarter of all funds under management. However, the activities of savings institutions, finance companies, the non-institutional market and independent fund managers are important, not withstanding their relatively reduced role. This article discusses developments in non-bank financial institutions and markets over recent years.

Date: 2003
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