Publication: Regulating Banks through Public Disclosure-The Case of New Zealand
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1996-10
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2012-08-13
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New Zealand has adopted a system of market-based bank regulation to try to reduce moral hazard and fiscal risk for the government. The system introduces new elements of public disclosure and enhanced director responsibility. Although the central bank still monitors banks, it now uses only publicly disclosed information. Judging initial reactions, the author argues that banks find the new approach more demanding than the traditional one.
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“Nicholl, Peter. 1996. Regulating Banks through Public Disclosure-The Case of New Zealand. Viewpoint: Public Policy for the Private Sector; Note No. 94. © World Bank. http://hdl.handle.net/10986/11606 License: CC BY 3.0 IGO.”
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