Fortunately, the Global Credit Crunch had relatively little effect on the New Zealand banking sector. A striking contributory cause was the health of the New Zealand financial market, due largely to the quality of its lending sector. In New Zealand, this has faced much sterner regulation and control than had, regrettably, become the norm in many other OECD countries during the property boom years of 2002-2007. Another huge attraction today, when considering safety for global investors, is New Zealand’s secure social and political environment, which has very largely stayed constant throughout the past 150 years. Politically, both of the two main […]
