RBNZ consults on how it should use its big sticks

Deputy governor Geoff Bascand wants to promote confidence. (Image: Getty)

Wed, 13 Oct 2021

The Reserve Bank has decided to consult on the tools it has available to incentivise and enforce compliance in the sectors it regulates, which include banks, insurance companies and deposit-taking institutions.The central bank also has a role in regulating financial markets infrastructure and anti money laundering and the financing of terrorism legislation.Outgoing deputy governor and head of RBNZ's financial stability operations, Geoff Bascand, said the central bank's goals include incentivizing and monitoring prudent behaviour, promot...

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