Regulatory Alerts2022-05-17
Russell McVeagh Submissions on the Financial Market Infrastructures Bill
Russell McVeagh submitted formal comments to the Reserve Bank of New Zealand regarding the proposed Financial Market Infrastructures Bill. The firm argues that the regulatory scope is overly broad and should primarily target the prudential supervision of FMIs rather than their participants. Key recommendations include refining definitions of distress and systemically important entities, limiting regulator information powers to operators, and ensuring consistency with existing financial sector legislation.
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