How about the finance of New Zealand?

How about the finance of New Zealand?

1)Since the early 1980s the financial industry has been transformed, as the trading banks have lost their privileged position and the government has removed controls over financial institutions.
2)The capital market has become highly competitive, with new, often foreign-owned specialty institutions emerging.
3)In addition, in early 1985 transactions in foreign exchange were freed, and for the first time the exchange rate was floated in a competitive market.