First regulatory co-operation council meeting held in New Zealand

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A new Council of Financial Regulators has been established to foster co-operation between financial and prudential regulators in New Zealand.

The Council held its first meeting, chaired by Reserve Bank of New Zealand governor Alan Bollard on Friday.

The permanent members of the council are the Reserve Bank and the Financial Markets Authority (FMA). Associate members are the Treasury and the Ministry of Economic Development. Senior officials of the four organisations were present at the inaugural

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