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Financial intermediation beyond the banks: recent developments

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  • Clive Thorp

    (Reserve Bank of New Zealand)

Abstract

The New Zealand financial system is dominated by banks, whose assets are well over 90 per cent of those of all deposit-taking institutions. Banking groups also own funds management businesses with more than a quarter of all funds under management. However, the activities of savings institutions, finance companies, the non-institutional market and independent fund managers are important, not withstanding their relatively reduced role. This article discusses developments in non-bank financial institutions and markets over recent years.

Suggested Citation

  • Clive Thorp, 2003. "Financial intermediation beyond the banks: recent developments," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 66, June.
  • Handle: RePEc:nzb:nzbbul:june2003:2
    Note: 2 excel files accompany this article. They can be downloaded from the RBNZ website.
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    File URL: http://www.rbnz.govt.nz/-/media/ReserveBank/Files/Publications/Bulletins/2003/2003jun66-2thorp.pdf
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    Cited by:

    1. Micahel Gordon & Leslie Hull & Clive Thorp, 2003. "Recent developments in New Zealand's financial stability," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 66, September.

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