... different requirements of the new policy that may facilitate the policy makers to take appropriate action as required. Originality/value – This study provides a unique insight into the post-GFC scenario with regard to the government policy response in the banking sector and macro-prudential system...

.... Originality/value – Our study provides a unique insight into the evaluation of post-GFC policy response and its effectiveness with regard to non-banking sector and, to our knowledge, the first of its kind in NZ in the post-global financial crisis period. By examining the current steps through “documentary...