Regulatory Alerts2022-09-21
Reserve Bank of New Zealand Statement of Prudential Policy 2022
The Reserve Bank of New Zealand issues this Statement of Prudential Policy to outline its regulatory and supervisory framework for registered banks, licensed insurers, non-bank deposit takers, and financial market infrastructures. The document details the Bank's risk-based approach to policy-making, supervision, and enforcement, emphasizing the protection of financial system stability and the mitigation of risks to depositors and the broader economy. It further describes the Bank's evolving supervisory strategies, including increased data utilization and proactive verification, alongside its commitment to collaborative engagement with industry and other regulatory bodies.
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