31  32  The IOSCO maps eight groups of innovations, considering also those in planning, data and analytics, and security. A mapping can be found in IOSCO, “Research Report on Financial Technologies (Fintech), 2017. See the FSB-CGFS “Report on Fintech credit,” May 2017.
At a time when government and the business sector have increased their savings (with growing fiscal surpluses and higher profits), household savings has continued to decline. During the past few years, we have seen very sharp rises in house prices in New Zealand, reflecting strong demand by New Zealanders and overseas investors alike.