‘More market pressure’ on institutions to compete on safety, says RBNZ’s Fiennes

reserve-bank-of-australia2
Reserve Bank of Australia

Central bank regulation should not prevent the executives and boards of financial institutions from managing their own risk, the Reserve Bank of New Zealand's head of prudential supervision has said.

Speaking in Auckland today (September 1), Toby Fiennes stressed companies could not ignore their responsibilities because regulation was in place; no institution should think there is a government guarantee they can fall back on.

Fiennes said there was now "more market pressure" on institutions to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: