Glenn Boyle

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Regulating Finance Companies: Act in Haste, Repent at Leisure

The woes of finance companies have been much in the news recently. A combination of small and/or undiversified loan portfolios, impenetrable business models, ructions emanating from the collapse of the United States sub-prime mortgage market, and a self-fulfilling loss of confidence by New Zealand investors in the safety of their money, have seen nine such companies collapse in the last 18 months.