Spencer defends RBNZ's retail banking supervision that focusses on 'the big numbers'

Wed, 21 Feb 2018

By Sophie Boot Feb. 21 (BusinessDesk) - Acting Reserve Bank Governor Grant Spencer, who will leave the role next month to be replaced by Adrian Orr, defended the central bank's approach to supervision of the retail banking sector, though noted the government could seek to increase its powers in its review currently underway. At the finance and expenditure committee's annual review of the RBNZ this morning, Spencer said a Financial Sector Assessment Programme (FSAP) report from the International Monetary Fund, released last year, recommend...

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