Regulators' group announces new vision
The new vision aims to contribute to maximising New Zealand’s sustainable economic wellbeing through responsive and coordinated financial system regulation, and allows for a longer term view that more effectively recognises the specific responsibilities of each agency.
CoFR works to identify and respond to issues of cross-agency relevance.
Responsibility for chairing the group alternates between Reserve Bank Governor Adrian Orr and Financial Markets Authority chief executive Rob Everett.
"The council was instrumental in launching the recent conduct and culture review of New Zealand’s banks and life insurers," Everett said.
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