Bollard on financial services for New Zealand

In the speech 'Delivering sound and innovative financial services for New Zealand' given on 26 January Alan Bollard of the Reserve Bank of New Zealand said a lack of depth and breadth in New Zealand's capital markets is limiting economic growth and leaving the economy more vulnerable to crises.

New Zealand's capital markets were relatively small, he told the Canterbury Employers' Chamber of Commerce in Christchurch.

"Very few New Zealand dollar corporate bonds or securities are issued by local

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