Reserve Bank chair welcomes next steps in modernisation
Monday, 24 June 2019, 5:19 pm Press Release: Reserve Bank
The Reserve Bank has welcomed the release of
in-principle decisions relating the Review of the Reserve
Bank Act and is encouraging submissions in the consultation
process.
Reserve Bank Board chair
Professor Neil Quigley said he is pleased with the direction
of travel of the review. “The Bank is already moving in
the direction reflected by the in-principle decisions, by
investing in more regulatory capability and developing
strategies and governance structures ready to support the
future direction.”
“Financial stability is
important for improving the wellbeing of all New Zealanders,
and the regulatory framework is a key factor in this. The
consultation process is important in shaping the Reserve
Bank’s role and responsibilities, and we would encourage
submissions and
engagement.”
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