Regulatory Alerts2022-05-17
The Role of the Reserve Bank of New Zealand in Supervising the Financial System
The Reserve Bank of New Zealand issued this March 2001 document to outline its statutory powers and supervisory framework for registered banks under the Reserve Bank of New Zealand Act 1989. The text details the structure of the banking system, the authorization process, and specific regulatory requirements including Basel capital standards and new policies mandating local incorporation for systemically important banks. It further describes the RBNZ's approach to prudential supervision, failure management, and coordination with other domestic and international authorities to maintain a sound and efficient financial system.
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