Capital Market Development Taskforce
The Capital Market Development Taskforce (CMDT) was set up to:
- Identify key constraints and key opportunities for the development of NZ's financial system.
- Identify and debate options to improve the performance of New Zealand's financial system.
- Develop a blueprint and action plan for the development of New Zealand's financial system.
The industry-led taskforce was established in July 2008 to improve New Zealand's financial system for the benefit of the New Zealand economy and its business.
On 16 December 2009 it released its final report, making 60 recommendations to improve the performance of our markets.
The taskforce looked at the current state of our capital markets, the international context, future risks and opportunities and key changes necessary to deliver the best possible financial system for New Zealand.
- Capital Market Matter - Final Report of the Capital Market Development Taskforce [1.4 MB PDF]
- Capital Market Matter - executive summary [890 KB PDF]
- Government Action Plan - response to Taskforce recommendations [145 KB PDF]
- Progress against proposed actions and timetable [186 KB PDF]
Importance of capital markets
Thriving capital markets are increasingly recognised as essential for New Zealand's economic growth. Greater depth and breadth in New Zealand's financial system will help firms raise funds in New Zealand and allow New Zealand to capture more of the gains for business growth. Better developed local capital markets will also deliver other benefits, including encouraging firms to locate to this country.
These papers have generally been prepared to inform the work of the Taskforce. The views in these papers are those of the authors, and not necessarily those of the Taskforce or of individual Taskforce members.