Sources: Marc Rothemund, Maria Gerhardt, “The European Credit Information Landscape: An analysis of a survey of credit bureaus in Europe”, ECRI Industry Survey, (February 2011). Federico Ferrett, “The Never-Ending European Credit Data Mess”, Study commissioned by BEUC, Brunel University London (October 2017). Olegario R, “Credit Reporting Agencies: A Historical Perspective”, in Miller M (ed.
Second, local incorporation enhances the Reserve Bank’s ability to supervise the banks on an ongoing basis in the interests of the New Zealand financial system. It enables the imposition of minimum capital adequacy requirements and risk limits, and provides a degree of separation between the subsidiary and the parent, thereby reducing intra-group contagion risk.