Central Banking

NZ counters payments-systems attack

The Reserve Bank of New Zealand has hit back at criticisms of the country's payments and settlements systems.

Grant Spencer, the deputy governor of the central bank, took umbrage at claims made in an article published by the Dominion Post, a local newspaper, which suggested the country's systems were subpar.

The article, based on views espoused by Mark Weldon, the chief executive of the NZX bourse, states that the Reserve Bank's Austraclear and the NZX Faster share trading systems were fragme

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