Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More
Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

New Reserve Bank chair congratulated

Hon Bill English

Minister of Finance
27 September 2016

New Reserve Bank chair congratulated


Finance Minister Bill English has congratulated the new chair of the Reserve Bank’s board of directors Professor Neil Quigley.

Professor Quigley has been elected unanimously by his fellow directors, replacing Dr Rod Carr who is standing down after three years as chair. Economist Kerrin Vautier has been appointed as deputy chair.

“Professor Quigley, the Vice-Chancellor of Waikato University, has had a distinguished academic and consulting career and has served on the board since 2010. I look forward to him continuing to serve the bank and the public.”

Mr English thanked Dr Carr for his service and leadership, first between 1998 and 2003 as deputy governor and then acting governor of the bank and, since 2012, as a director on the board.

“Dr Carr has successfully led the board through a challenging period during which the bank’s ambit has widened to include the macroprudential framework and active supervision of the banking and insurance industries.”

Bank directors are appointed by the finance minister for five-year renewable terms, and elect their chair from among their number for one-year terms. The chair appoints a deputy chair for a one-year term.

The board's primary function is to monitor the performance of the governor and the bank on behalf of the finance minister. It is responsible for assessing whether the quarterly Monetary Policy Statements are consistent with the Policy Targets Agreement between the minister and the bank, and it monitors the bank's six-monthly Financial Stability Reports.

ends

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines



Gordon Campbell: On Dune 2, And Images Of Islam


Depictions of Islam in Western popular culture have rarely been positive, even before 9/11. Five years on from the mosque shootings, this is one of the cultural headwinds that the Muslim community has to battle against. Whatever messages of tolerance and inclusion are offered in daylight, much of our culture tends to be hostile to Islam when we’re sitting in the dark, with popcorn.
Any number of movie examples come to mind, beginning with Rudolf Valentino’s role (over a century ago) as the romantic Arab hero in The Sheik...
More


 
 


Government: One-stop Shop Major Projects On The Fast Track

The Coalition Government’s new one-stop-shop fast track consenting regime for regional and national projects of significance will cut red tape and make it easier for New Zealand to build the infrastructure and major projects needed to get the country moving again... More

ALSO:


Government: GPS 2024: Over $20 Billion To Get Transport Back On Track
Transport Minister Simeon Brown has released the draft Government Policy Statement (GPS) on Land Transport, outlining the Coalition Government’s plan to build and maintain a transport system that enables people to get to where they need to go quickly and safely... More

ALSO:

Government: Humanitarian Support For Gaza & West Bank

Winston Peters has announced NZ is providing a further $5M to respond to the extreme humanitarian need in Gaza and the West Bank. “The impact of the Israel-Hamas conflict on civilians is absolutely appalling," he said... More


Government: New High Court Judge Appointed

Judith Collins has announced the appointment of Wellington Barrister Jason Scott McHerron as a High Court Judge. Justice McHerron graduated from the University of Otago with a BA in English Literature in 1994 and an LLB in 1996... More

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels


 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.