Regulatory Alerts2022-05-17
Oversight of Financial Market Infrastructures in New Zealand
The Reserve Bank of New Zealand issues this draft framework to oversee financial market infrastructures and their critical service providers to promote financial stability. The document establishes a risk-based oversight approach aligned with international Principles for Financial Market Infrastructures, focusing on systemic importance, sound risk management, and transparent governance. It details the Reserve Bank's statutory powers, engagement methods, and cooperation strategies with domestic and overseas regulators to mitigate contagion risks.
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