New Zealand: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency, Banking Supervision, and Securities Regulation

International Monetary Fund

No 2004/126, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper presents key findings of the Financial System Stability Assessment for New Zealand, including Reports on the Observance of Standards and Codes on Monetary and Financial Policy Transparency, Banking Supervision, and Securities Regulation. The assessment reveals that New Zealand has a profitable and well-functioning financial system, operating in a framework of well-developed financial markets. Short-term risks to stability appear low, given the favorable macroeconomic outlook, and sound and transparent financial policies. Stress tests for systemically important banks show resilience consistent with the sector’s relatively high levels of capital and profits.

Keywords: ISCR; CR; bank; market; building society; banking sector; parent bank; market discipline; market participant; market intermediary; market friction; return on assets; well functioning market; operations accounting; exchange member; swap market; disclosure regime; Commercial banks; Insurance companies; Nonbank financial institutions; Insurance; Securities markets; Australia and New Zealand (search for similar items in EconPapers)
Pages: 47
Date: 2004-05-05
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