New Zealand: Financial Sector Assessment Program : Financial System Stability Assessment
Author/Editor:
International Monetary Fund. Monetary and Capital Markets Department
Publication Date:
May 8, 2017
Electronic Access:
Free Full text (PDF file size is 1783 KB).Use the free Adobe Acrobat Reader to view this PDF file
Summary:
Imbalances in the housing market, banks’ concentrated exposures to the dairy sector, and their high reliance on wholesale offshore funding are the key macrofinancial vulnerabilities in New Zealand. The banking sector has significant exposures to real estate and agriculture, is relatively dependent on foreign funding and is dominated by four Australian subsidiaries. A sharp decline in the real estate market, a reversal of the recent recovery in dairy prices, a deterioration in global economic conditions, and a tightening in financial markets would adversely impact the system. The key risks faced by the insurance sector relate to New Zealand’s vulnerability to natural catastrophes.
Series:
Country Report No. 17/110
English
Publication Date:
May 8, 2017
ISBN/ISSN:
9781475598834/1934-7685
Stock No:
1NZLEA2017001
Price:
$18.00 (Academic Rate:$18.00)
Format:
Paper
Pages:
92
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
