RBNZ to set up financial policy committee
Institutional reform comes after parliamentary inquiry suggests idea that mirrors set-up at BoE
The Reserve Bank of New Zealand is to establish a committee for prudential regulations, after a parliamentary enquiry into banking competition suggested the idea.
In a statement today (October 7), the central bank announced the formation of a financial policy committee (FPC) that will comprise the governor, the chair of the RBNZ board, three other board members and two external members.
The bank said it expected the FPC to be operational by early 2026. The committee’s responsibilities will include
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