Likewise, people will make mistakes, operate on limited or misunderstood information, and act in their short-term interests rather than their long-term wellbeing. We as the ‘prudential’ regulator, supervisor, and enforcement agency of New Zealand’s financial system have a critical role to play.
Over recent months, some US commentators have wondered whether the US productivity trend has lifted -- largely as a consequence of the impact of new computer technology -- but the jury is still out on this question.