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Dervan, Helen; Jensen, Simon --- "Financial regulation in New Zealand: optimizing twin peaks" [2020] ELECD 226; in Arner, W. Douglas; Wan, Yee Wai; Godwin, Andrew; Shen, Wei; Gibson, Evan (eds), "Research Handbook on Asian Financial Law" (Edward Elgar Publishing, 2020) 387

Book Title: Research Handbook on Asian Financial Law

Editor(s): Arner, W. Douglas; Wan, Yee Wai; Godwin, Andrew; Shen, Wei; Gibson, Evan

Publisher: Edward Elgar Publishing

Section: Chapter 20

Section Title: Financial regulation in New Zealand: optimizing twin peaks

Author(s): Dervan, Helen; Jensen, Simon

Number of pages: 21

Abstract/Description:

This chapter reviews the reforms made to New Zealand’s financial regulation following the global financial crisis. It analyses the steps taken to adopt the Twin Peaks regulatory model, focusing on the piecemeal reforms made to prudential regulation and identifies areas where further significant reform is necessary. The current review of prudential regulation is being undertaken by the New Zealand government, and, in the light of post-crisis reforms in other jurisdictions, considers appropriate prudential regulatory structures for New Zealand’s financial markets.