Reserve Bank of New Zealand Amendment Act

The Reserve Bank of New Zealand's Amendment Bill will change the RBNZ's arrangements slightly. The key governance change is that the Governor no longer chairs the Bank's Board of Directors, the chair being a non-executive director appointed by the non-executive directors.

Source: RBNZ

The third reading of the Reserve Bank of New Zealand Amendment Bill this afternoon means that the Reserve Bank's governance and financial system oversight arrangements are to change slightly.

The key governance cha