The global financial crisis has prompted a shift in the balance of power between the borrower and the saver, with the saver getting the upper hand.This has been exaggerated in New Zealand by a new prudential regime that is aimed at reducing the banks' rel
The global financial crisis has prompted a shift in the balance of power between the borrower and the saver, with the saver getting the upper hand.
This has been exaggerated in New Zealand by a new prudential regime that is aimed at reducing the banks’ reliance on short-term foreign borrowing.
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Jamie Gray
Fri, 15 Oct 2010
