2022-02-27
A New Zealand financial regulator outlines its approach to developing and implementing prudential policy, aiming to protect and promote financial system stability by addressing risks and supporting competition and innovation. This approach involves considering international standards, industry feedback, and emerging risks, while also having regard for the Financial Policy Remit from the Minister of Finance. The regulator applies good regulatory practice models, its Regulatory Impact Analysis framework, and engages in wide consultation with stakeholders, including industry, the public, and other regulatory bodies.