RBNZ Sets Sights on Resilient Financial System

The Reserve Bank of New Zealand (RBNZ) has outlined its goals for maintaining a resilient financial system, focusing on financial stability and regulation.

According to Mr. McGregor, financial stability is essential for New Zealand's economic success, allowing households, businesses, and the wider economy to thrive through both normal times and periods of stress.

The RBNZ aims to build and maintain a fit-for-purpose regulatory regime that is proportionate, risk-based, evidence-informed, and future-proofed. This approach will ensure regulation remains relevant in a changing world.

Examples of the Reserve Bank's commitment to strengthening its forward-looking and system-wide approach include the implementation of the Deposit Takers Act and the review of the Insurance (Prudential Supervision) Act.