The new co-regulation regime suggested by the working group includes monitoring compliance with legislative obligations and the code of ethics
Given the choice between hurting a part of New Zealand business or having a few red faces on the next Canberra visit, ministers have opted to hurt New Zealand business. With special feature audio.
The government-owned Kiwibank used to lead the mortgage market, offering the most competitive interest rates, but that suddenly ceased early last year. With special feature audio.
Another even worse financial crisis is likely to be necessary before policy makers arrive at effective regulation of financial services, says Professor John Kay. With special audio feature.
The government today released an outline of what Local Government Minister Paula Bennett bluntly calls “loopy” rules and what they are doing to business.