Our banking system is well-capitalised, vanilla, and mortgage lending is generally on good credit quality. The large Australian banking groups, of which the major New Zealand banks are a part, are now among the largest and highestcredit-quality banks in the world.
Since 2007, the ECB, in partnership with the national central banks of the Eurosystem and the European System of Central Banks (ESCB), has conducted one regional and five bilateral technical cooperation programmes.