Regulatory Alerts2022-09-21
Added · Updated
RBNZ Relationship Charter 2022
The Reserve Bank establishes a mutual undertaking with regulated entities to build and maintain supervisory relationships based on honesty, diligence, achievement focus, open-mindedness, and professionalism. The Charter defines expected behaviors and communication standards, requiring clear, targeted, consistent, and timely interactions without surprises. The Reserve Bank commits to regularly measuring its performance against these commitments and sharing lessons learned with the regulated entities.
Relationship Charter. The Reserve Bank aspires to build and maintain the best ‘regulator/regulated’ supervisory relationships possible, with all the different regulated entities. This Charter represents a mutual undertaking of how the parties will work together to achieve this aspiration. We will regularly measure our performance against the commitments set out in the Charter and share the lessons. Our mutual commitments Our behaviours will be Honest positions are openly stated, constructively, freely and frankly Diligent provide clear expectations and deliver on them Achievement focused work together to achieve sound and efficient outcomes Open-minded each other’s perspective is constructively sought and understood Professional disagreements can happen on issues, not people Our communication will be Clear easily understood, with decisions explained Targeted made to the right people in governance and management Consistent one organisation, one message, one tone Timely communication with no surprises Relationships built on mutual respect, ethical behaviour, and te whakatōpū. Stewardship for a healthy and efficient financial system that benefits all New Zealanders.
More like this from RBNZ
RBNZ published 6 documents in the last 30 days. We email you each new one the day it's published.