The CBO projections provide a good starting point: They are based on sensible economic and technical assumptions and thus offer a reasonable indication of how the budget is likely to evolve over the next 10 years if economic conditions remain favorable and BIS Review 6/1998  -2-  current budgetary policies remain in place.
These large global financial infrastructures provide advantages in terms of economies of scale but also pose legal and resolution risks for local counterparties in the case of an FMI failure. The outcome for a domestic bank would be determined by the legal and regulatory framework in the FMI’s home jurisdiction, over which New Zealand authorities would have little influence.