RBNZ takes further steps to improve regulation and oversight

Regulators’ new “vision” incorporates climate change and social inclusion

The Reserve Bank of New Zealand

New Zealand’s central bank and financial regulators have taken another step in their efforts to improve regulation and supervision of the financial sector, they announced on August 14.

The Council of Financial Regulators (CoFR) announced a new “vision”, which takes a longer-term perspective on regulation, with an emphasis on social inclusion and climate change. 

The group, founded in 2011, is made up of the Reserve Bank, Financial Markets Authority, the Treasury, and the Ministry of Business

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