Against the tide: why Kiwi banks want to be clearing members

Rising fees and lack of leverage ratio cause some New Zealand banks to consider direct clearing

Through a glass darkly: New Zealand banks want access to cleared liquidity pool

The World Factbook from the CIA places New Zealand fifty-third on the list of the globe's largest economies, well outside membership of the Group of 20 nations, which published a commitment to move over-the-counter derivatives into central clearing at the end of its 2009 Pittsburgh Summit. But while G20 members such as Saudi Arabia and Russia are effectively absent from global derivatives markets