CMD Taskforce welcomes Govt action plan

Capital Market Development Taskforce welcomes Government action plan

The Capital Market Development Taskforce today welcomed the Government’s action plan in response to the recommendations in the Taskforce’s final report.

“We are pleased the government has endorsed our approach to improving New Zealand’s capital markets and has supported the key recommendations made by the Taskforce in December 2009,” says Rob Cameron, Chair of the Taskforce.

“We believe our recommendations will significantly improve the contribution that capital markets make to New Zealand’s economic growth and New Zealanders’ wellbeing.”

The Government’s action plan sets out how it will progress each recommendation, and when it should be completed.

“We hope the timeframes the Government has set for completing its deliberations and implementing the recommendations are met, or improved upon. In our view improving the way our capital markets operate and pursuing opportunities to develop New Zealand as a provider of services in global markets is an urgent task.

“Taskforce members and the industry stakeholders we engaged with in preparing our report stand ready to assist with the process of further considering and implementing our recommendations. We will closely watch the progress of the action plan and the decisions taken.”

ENDS

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