Regulatory Alerts2025-09-11
How we oversee FMI
The Reserve Bank of New Zealand and the Financial Markets Authority regulate financial market infrastructures under the Financial Market Infrastructures Act 2021 to prevent systemic damage and ensure financial stability. The regulatory framework grants supervisors powers to set binding standards, enforce compliance, and intervene in distressed entities through directions or statutory management. This joint oversight approach applies to all designated FMIs except pure payment systems, which are solely regulated by the Reserve Bank, while international cooperation is maintained through memoranda of understanding with Australian regulators.
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