RBNZ seeks stronger regulatory oversight of payment systems

Mon, 10 Nov 2014

By Paul McBeth Nov. 11 (BusinessDesk) - The Reserve Bank wants stronger oversight of the nation's payment systems, with a particularly focus on managing risks from the global infrastructure that facilitates wholesale market transactions. The central bank has four objectives - good governance, sound risk management, continuity of service, and fair and open access - for the large payment and settlement schemes known as financial market infrastructures (FMIs), deputy governor Grant Spencer told the Payments NZ conference in Auckland. It want...

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