Treasury commissioned RBNZ review finds 'strong case' for reform

Tue, 16 Jan 2018

By Paul McBeth Jan. 16 (BusinessDesk) - A review of the Reserve Bank's decision-making and governance by former State Services Commissioner Iain Rennie found a strong case for reform at the central bank that would strengthen its decision-making process and improve accountability. The report identified four areas ripe for reform: formalising decision-making committees for monetary policy and financial regulation; formally acknowledging the broader remit of the bank in maintaining financial stability; narrowing the board's focus; and align...

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