The following points emerge:   Relative to the financial system as a whole, the New Zealand banking system is large in common with the other countries included in the table. New Zealand’s banking system is larger than Australia on this metric.
That is why we deploy far more supervisors to inspect larger institutions in our routine SREP examinations at credit institutions. You will recognise the same supervisory strategy in the institutional reporting system. The euro area’s “significant institutions", as they are known, have a standard requirement to report more than 8,000 data points to their supervisors – and to do that quarterly.