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Financial Services Quarterly
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Trans-Tasman banking integration progress
Finance Minister Michael Cullen and Commerce Minister Margaret Wilson have announced that work has commenced on the regulation of major financial institutions. The work will be carried out as a combined effort of officials from the Treasury, the Reserve Bank of New Zealand and the Ministry of Economic Development.
Dr Cullen has said that following completion of the work, the results of which are expected to be reported back to him early next year, a decision will be made on whether further integration with Australia would improve New Zealand’s economic growth and performance.
For more information, go to www.treasury.govt.nz.
Enquiries and information
For more information on any of the cases, articles and features in Financial Services Quarterly, please email Rachel Gowing or call on 64 9 916 8825.
Disclaimer
This publication is necessarily brief and general in nature. You should seek professional advice before taking any action in relation to the matters dealt with in this publication.
