The paper "National Australian Bank Business Environment" is a perfect example of a business case study. National Australian Bank is a financial service group that offers an all-inclusive and incorporated range of banking as well as financial services and this includes wealth management in Australia, New Zealand, Asia, the UK and the US also well. The National Australian Bank has invested in various countries and specifically I will be reporting the bank’ s investment in New Zealand. In New Zealand, the Australian had invested in Bank of New Zealand whereby it has about one million clients and offers retail, business and agribusiness as well as insurance services. Political, Regulatory and Legal Environment In New Zealand, the Ministry of Economic Development as well as the Ministry of Consumer Affairs has a significant role in the regulation of the financial services within the country.
The securities commission also has a role in the financial services industry which is a new regulator of financial advisers. Any organization that offers financial services within New Zealand is supposed to register on the financial service providers register which is run by the companies office.
Any financial service provider who works with public members will have to belong to an endorsed consumer dispute resolution scheme (Smith, 2008). Whether expanding locally or globally; the Ministry of Economic Development aims at establishing a business environment that enables businesses to grow. The ministry works with organizations such as MFAT and New Zealand Trade and Enterprise in order to facilitate connections between local organizations and international markets alongside others which include Investment New Zealand as well as NZTE which attract foreign direct investment. These all offer advice on matters that affect management and business capability at the organizational level.
This consists of the design, implementation as well as ongoing operation of business development programs provided through New Zealand Trade and Enterprise. Moreover, the OECD guidelines for multinational organizations offer voluntary principles and standards for responsible business conduct covering matters such as information disclosure, employment, industrial relations, environment, consumer interests, competition in addition to taxation (Maunders, 2007).
Douglas, A. (2006). New Zealand Banking. Princeton: Princeton University Press.
Smith, A. (2008). An Inquiry into the Nature and Causes of the Wealth of Nations. New York: Liberty Press.
Joseph, A. (2009). History of economic analysis. Austria: Allen & Unwin.
NZ Society of Accountants (2007). A Proposed Framework for Financial Reporting in NZ. California: Sage.
Maunders, K. (2007). Corporate Social Reporting. London: Prentice Hall.
Hendy, S. (2010). New Zealand’s voyage of economic self-discovery. New York: Sage.
Low, C. (2009). New Zealand economy. Adelaide: Rigby Limited.