IMF to review financial system oversight, securities law

Wed, 27 Apr 2016

By Paul McBeth April 27 (BusinessDesk) - The International Monetary Fund will look at the Reserve Bank's oversight of the insurance and banking sectors, and review the overhaul of New Zealand's securities law to see how the country stacks up against global norms. New Zealand's central bank is leading the local response to the IMF's first review under its financial sector assessment programme (FSAP) since 2004, the RBNZ said. The review will be held in two parts, with the first assessing the banking sector, crisis management frameworks, t...

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