- Analytics
- News and Tools
- Market News
- RBNZ to intensify supervisory strategy over financial institutions
RBNZ to intensify supervisory strategy over financial institutions
The Reserve Bank of New Zealand said the bank will review its supervisory strategy and take a more intensive approach that would involve greater scrutiny of financial institutions.
Releasing the November Financial Stability Report, Deputy Governor Geoff Bascand said good governance and robust risk management processes within financial institutions are important to maintain long term resilience.
However, recent reviews of banks and life insurers underscored the importance to improve their behavior.
"We are engaging with industry to ensure that they strengthen their own assurance processes and controls," he said. "We have also reviewed our own supervisory strategy and will be taking a more intensive approach, which will involve greater scrutiny of institutions' compliance."
Governor Adrian Orr said financial system vulnerabilities remain elevated and more effort is required to ensure that the system remains resilient over the longer-term.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
