ANALYSIS AND CORRECTION: A tale of ORCs and an under-resourced Reserve Bank

Sun, 09 Jun 2019

By Jenny Ruth June 10 (BusinessDesk) - Reserve Bank governor Adrian Orr says the prudential part of his organisation, the part that oversees the banking system, is under-resourced. “We need more resource. We’ve said that very often. That was, in part, one of the outcomes of the IMF’s (International Monetary Fund) financial sector assessment program,” Orr said when delivering the central bank’s latest Financial Stability Report (FSR) last month. Previous governors have also unsuccessfully requested more resources, Orr said. “We’re ge...

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