RBNZ intensifies banking supervision

RBNZ intensifies banking supervision
Reserve Bank governor Adrian Orr said the global recovery depends on covid-19 containment.
Jenny Ruth
The Reserve Bank is intensifying its supervision of financial institutions to ensure they are sound, comply with their regulatory obligations, manage risks well and operate with appropriate conduct and culture, the central bank said in its latest statement of intent."We are working to become a more proactive and probing supervisor, intensifying our supervision activities while maintaining strong and productive relationships with those we supervise," it said.This is quite a reversal from the RBNZ's previous "hands-off" st...

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