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The hidden cost of excessive regulation

Every time New Zealanders apply for a mortgage or business loan, they pay the price for the Reserve Bank’s controversial 2019 bank capital decision to increase capital requirements for major banks by almost 100%. The decision made our banks much more heavily capitalised than most of their international peers. Read more

Roger Partridge
Insights Newsletter
3 October, 2025

The beauty of starting small

Not long ago, doing anything on Canada’s Indian Reserves was almost as hard as doing anything on whenua Māori. Here, the roughly six percent of the country held under Māori land tenure is beset by regulatory difficulty far worse than that bedevilling the rest of New Zealand. Read more

Dr Eric Crampton
Insights Newsletter
3 October, 2025
roger submission

Submission: 2025 Review of Key Capital Settings

1. INTRODUCTION AND RECOMMENDATIONS 1.1 This submission to the Reserve Bank of New Zealand (RBNZ) on its 2025 Review of Bank Capital Requirements (the Review) and accompanying consultation paper (the Consultation paper)1 is made by The New Zealand Initiative, an independent think tank supported primarily by major New Zealand businesses. Read more

Roger Partridge
Submission
2 October, 2025
2025 10 02 building nations website

Podcast: Building Nations: What Canada’s First Nations can teach us about devolution and development

In this episode, Oliver talks to Eric Crampton, the New Zealand Initiative's chief economist, about his latest report Building Nations examining Canadian First Nations' experiences with autonomous land development and what New Zealand might learn from them. They discuss how Canadian reserves transformed from heavily regulated, impoverished areas into thriving self-governing communities that are now solving urban housing crises through major development projects like the Squamish Nation's apartment towers in downtown Vancouver. Read more

Dr Oliver Hartwich
Dr Eric Crampton
1 October, 2025

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