Bank supervision, deposit insurance feature in next phase of RBNZ review

Wed, 31 Oct 2018

By Rebecca Howard Nov. 1 (BusinessDesk) - The next stage of the Reserve Bank Act review has kicked off and will focus on whether New Zealand needs depositor protection and if the central bank should still be the prudential supervisor. The Labour-led coalition government announced the two-phase review of the 1989 legislation shortly after taking office to modernise the policy frameworks, governance, and accountability arrangements. “The Reserve Bank Act has been in place for nearly 30 years. Over that time, the scope, focus and intens...

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