RBNZ launches charter in bid to improve relations with banks

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The Reserve Bank of New Zealand has launched a new charter designed to improve its working relations with supervised financial institutions.

The central bank aims to monitor conduct practices in order to secure stability in the banking system. It will also discuss the initiative with insurers and non-bank deposit-takers “in the near future”.

The Relationship Charter, published today (December 18), is based on the principle of “combined stewardship of an efficient system” that serves the whole

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