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New Zealand : Financial Sector Assessment Program : Financial System Stability Assessment.
This paper presents an assessment of the stability of the financial system in New Zealand. Imbalances in the housing market, banks' concentrated exposures to the dairy sector, and their high reliance on wholesale offshore funding are the key macro-financial vulnerabilities. The banking sector h...
| Clasificación: | Libro Electrónico |
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| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
2017.
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| Colección: | IMF country report ;
no. 17/110. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | This paper presents an assessment of the stability of the financial system in New Zealand. Imbalances in the housing market, banks' concentrated exposures to the dairy sector, and their high reliance on wholesale offshore funding are the key macro-financial vulnerabilities. The banking sector has significant exposure 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, deterioration in global economic conditions, and tightening in financial markets would adversely impact the system. Despite these vulnerabilities, the banking system is resilient to severe shocks. Strengthening the macroprudential framework is important. |
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| Notas: | Available in PDF, ePUB, and Mobi formats on the Internet. |
| Descripción Física: | 1 online resource (92 pages) |
| ISBN: | 9781475599008 1475599005 |