Reserve Bank Governor Dr Alan Bollard discusses the bank's latest financial stability report in context of the current Euro crisis


Against the backdrop of a crisis in the Euro zone that continues to escalate, the Reserve Bank this week released its latest financial stability report noting, in what turned out to be something of an understatement, that the risks to New Zealand’s economy and financial system have increased markedly in recent months, and that this, in turn, has made access to offshore debt markets more challenging for the county’s banks. However, in this interview Reserve Bank Governor Dr Alan Bollard explains why banks in this country are better prepared to withstand the current Euro crisis than they were three years ago at the time of the Lehman's collapse

source: data archive