Lots of black Mondays coming according to the Reserve Bank.
https://www.stuff.co.nz/business/121...-biggest-worry
Insurers and non-bank deposit takers, Reserve Bank's biggest worry. But despite banks' good position, the Reserve Bank forecast the resilience of the banking system would be "tested in the coming months". Even accounting for an expected recovery in the second half of the year, the projected annual change in GDP — from about 2 per cent growth before the crisis to an 8 per cent drop afterwards — would be the largest in at least 160 years.