Independence and incentives at NZX discipline

Lisa Ryan

No 375106, Competition & Regulation Times from New Zealand Institute for the Study of Competition and Regulation

Abstract: The recent Access Brokerage default highlighted some potential conflicts arising from the multiple roles that the demutualised and privately owned New Zealand Exchange (NZX) has as marketplace owner and operator, regulatory monitor and enforcer, and listed company. Drawing on work earlier this year by Veena Mishra, Lisa Ryan takes another look at these conflicts.

Date: 2004-12-01
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Persistent link: https://EconPapers.repec.org/RePEc:vuw:vuwcrt:375106

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